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IndiaMart.com gets funds from Intel Capital TIMES NEWS NETWORK New
Delhi: Intel Capital, Intel Corporation's global investment
organization, on Tuesday announced its intention to invest $23 million
in three Indian companies — IndiaMART.com,
Global Telent Track and One97 Communication. IndiaMart.com connects Indian suppliers with domestic and international buyers through internet, print media and trade shows participation, It is planning to further consolidate its leadership position in the market. According to Dinesh Agarwal, founder and CEO, IndiaMART.com, the company plans to grow its market share by launching marketing initiatives, expanding service offerings, extending reach into new markets and geographies, and evaluating potential strategic oppotunities. "Our investment in IndiaMART.com is driven by its successful business model that connects millions of small and medium enterprises (SMEs) and the opportunity it offers in future," said Sudheer Kuppam, Intel Capital, MD for India, Japan, Australia and South-East Asia. |
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