Some data on online B2B marketplaces from the current issue of Outlook Business. The story estimates that B2B marketplaces account for $15-20 billion of transactions of a total $100 Billion online B2B business. This $100 Billion figure has been mentioned in the past, but there’s nothing on the source. The listing for these marketplaces range between Rs. 3000-13000 per year. No source for this information has been given. The following are the numbers on two of the companies mentioned:
— Indiamart has claimed revenues of Rs. 38 crores (almost $10 million), with a topline that has been growing by 50 percent year-on-year since 2003. The site is generating 500,000 buyer inquiries per month, and its paid user-base has increased from 100 in 1997 (they year they broke even) to 14,000.
— TradeIndia.com is apparently the India’s largest B2B marketplace, with a claim of over 700,000 registered users; revenues are expected to double this year, and the company has grown by 35 percent year-on-year so far.
This is in the context of Alibaba.com, the Hong Kong Stock Exchange listed B2B arm of the Alibaba group of companies tying up with Infomedia India. Other companies in this space include Matexnet and Auction India. I’d written about online marketplaces here. Much more on this segment and how it has evolved at Outlook Business.