NEW DELHI: E-commerce firm IndiaMart expects to maintain a compounded annual growth rate (CAGR) of 29% for the next two years, mainly on account of big brands joining the platform, a top company official said. Similar growth should be possible this year and next year also," IndiaMart co-founder and CEO Dinesh Agarwal told PTI. The existing investors include Intel Capital, Amadeus Capital, WestBridge Capital, Quona Capital and Accion Frontier Inclusion Mauritius. The company has also started working on its software as a service (SaaS) platform and payments services with escrow account facility. Significant percentage of revenue will come from big brands, followed by payments and SaaS," Agarwal said.

Source: Mint April 21, 2019 12:33 UTC