B2B website for SME’s launched

IMO Communications Private Limited today launched- www.indiamarkets.com – a comprehensive business to business (b2b) infomediary website focussing on small and medium enterprises (SMEs)

Addressing a press conference here, Mr.Rohan Ajila, Managing Director, IMO Communications said the site offers a range of services including supplier listings, auctions for surplus inventory, used machinery and industrial assets and has about 130 product categories. It would be a platform for business-to-business intermediation, enabled through information providing insight on the companies and its products, he said.

He said the company proposes to invest $10 million in setting up a nationwide sales and customer service network, brand  building and business development  in the short-term. The company, has in the investment partner, a major international venture capital company – E M Warburg, Pincus and Co. LLC (Warburg). He said they have already registered around 4,000 companies.