Directory services and SME marketplace IndiaMART has hired Mudit Khosla as the senior vice president for big supplier initiatives, reports ET. In September last year, the then Tradus CEO Mudit Khosla quit the company. Ibibo group CEO Ashish Kashyap was managing the business of Tradus after Khosla left the company.
Khosla was appointed CEO of Tradus in February 2013. Prior to that, he was CEO of SeventyMM, which began as a DVD rental business, and then became an ecommerce venture.
Prior to this, Khosla was one of the founding members of the online travel agent Yatra.com and was the company’s Head of Strategic Alliances, responsible for managing Yatra’s partnerships in Banking, Telecom and Retail segment. He was also the business head for E-commerce at Times Internet, a company with which he spent over 5 years.
The ET report states IndiaMART has been making top level hires in the last 6 months. Lizzie Chapman was also appointed by IndiaMART to its board of directors earlier this year, to spearhead the finance solution for SMEs in collaboration with banks. The company also appointed Prateek Chandra as its chief financial officer this year, who will look at acquisition in the mobile technology sector, non native geographical companies and inorganic expansion.
BCCL backed IndiaMART, the ET report adds, now has a new core team and is considering shifting to value added and complementary services to its SME base in the form of a SAAS platform, along with a financing solution for buyers, to be rolled out in Diwali this year. Earlier this month, IndiaMart started offering an ecommerce site for SMEs through Tolexo.com, where SMEs could showcase their products and find buyers, according to this Business Standard report.
Previous IndiaMART developments:
– In August 2013, IndiaMART spun off its professional events listing subsidiary Biztradeshows as a separate entity. PlayCez founder Ashwani Gaur has been appointed as the co-founder of Biztradeshows and would be responsible for looking after the company’s mobile and web operations, while the PlayCez team, which consists of 2-3 developers, would form Biztradeshow’s mobile team. The company also planned to integrate PlayCez’s underlying technology to its platform shortly.
– In the same month, IndiaMART subsidiary Biztradeshows acquired the local event discovery app PlayCez for an undisclosed amount. PlayCez had previously raised an undisclosed amount of seed investment from GSF India, iXiGO CEO Aloke Bajpai and Mukul Singhal of SAIF Partners (in personal capacity). PlayCez was also part of GSF Accelerator’s inaugural startup batch.
– In March 2011, IndiaMart partnered with Korea Trade Investment Promotion Agency(KOTRA) to offer a dedicated Korean Products Pavilion section on its website. This would enable Korean Small and Medium businesses to host microsites or product catalogue pages on IndiaMart and generate leads from Indian buyers.