IndiaMART provides an enabling marketplace and a large ecosystem to buyers and sellers to expand their reach and penetration.
Jaideep Nandi, MD, Bajaj Consumer Care Ltd. said, “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,” Nandi said. “We are hopeful to strengthen the online reach and visibility of Bajaj Consumer Care FMCG products with the increased digital presence,” he added.
IndiaMART, is the largest B2B online marketplace in the country with over 100 million registered users. The platform deploys the latest in technology like artificial intelligence, machine learning and data analytics to leverage 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 brought 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.
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 serviced directly through existing sales and distribution networks.” “Online has become the new norm especially post the Coronavirus outbreak, wherein the businesses are trying to explore the digital way of doing business,” he said and explained: “IndiaMART provides an enabling marketplace and a large ecosystem to buyers and sellers to expand their reach and penetration.”
“In the last six months,” Gulati said “we have witnessed above 40% growth in buyer traffic for consumer care products such as hair oil, face creams and sunscreen, and over 100% for hand sanitizer. This association will enable Bajaj Consumer Care with an alternate sales channel to reach high intent buyers easily.”
Today, more than 350+ leading brands across major industries like Healthcare, Construction Equipment, Oil & Lubricants, Generators, Commercial ACs, Farm Equipment, Hand and Power tools, Commercial Vehicles are executing plans to generate incremental business growth through their association with IndiaMART.