IndiaMART InterMesh Ltd., today announced that Bajaj Consumer Care has engaged
Bajaj Consumer Care Joins hand with IndiaMART, to enhance their digital presence in B2B market segment
Chenanai (India), 17 September 2020: IndiaMART InterMesh Ltd., today announced that Bajaj Consumer Care has engaged the services of IndiaMART platform to target potential customers of FMCG products range in the B2B category.
On this development, Mr Jaideep Nandi, MD, Bajaj Consumer Care Ltd. said, “Looking at the current trend of incr easing consumer traction on the e-commerce platforms due to the coronavirus pandemic, it is the right time to expand our footprints into online B2B consumer market segment. Today, IndiaMART is the go-to marketplace for all types of businesses with a pan India coverage. Hence post joining hands with IndiaMART we are looking forward to targeting high intent B2B audience. We are hopeful to strengthen the online reach and visibility of Bajaj Consumer Care FMCG products with the increased digital presence.”
IndiaMART, is the largest B2B online marketplace in the country with over 100 million registered users. Ind iaMART exploits the latest in technology like artificial intelligence, machine learning and data analytics to lev erage the robust behavioural matchmaking that connects suppliers with relevant buyers and vice versa, helping businesses to scale up with increased exposure on India’s largest online marketplace.
The e-commerce sector in India has witnessed tremendous growth in recent years, and the pandemic has brou ght in a new wave of consumers looking for contactless buying. The rising internet and mobile penetration in India have resulted in the rapid adoption of the e-commerce model of business and it is estimated to become a $230 billion industry by 2028 accounting for almost 10% of the retail market.
Speaking on this development, Mr. Dinesh Gulati, COO, IndiaMART InterMESH Ltd., said, “Enterprises all over the world are looking to explore digital channels to expand their reach and visibility to target new customer bases not serv iced directly through existing sales and distribution networks. Online has become the new norm especially post the Co ronavirus outbreak, wherein the businesses are trying to explore the digital way of doing business. IndiaMART provides an enabling marketplace and a large ecosystem to buyers and sellers to expand their reach and penetration.”
He further stated, “In the last six months we’ve witnessed above 40% growth in buyer
