MY KOLKATA EDUGRAPH
ADVERTISEMENT
Regular-article-logo Wednesday, 04 June 2025

123INDIA TO DILUTE 10% EQUITY 

Read more below

FROM VIVEK NAIR Published 13.06.00, 12:00 AM
Mumbai, June 13 :     Leading horizontal portal 123india.com is planning to dilute 10 per cent of its equity to leading investors and strategic partners. This follows a massive consolidation plan aimed at expanding the site and offering more value-added services. Confirming this to The Telegraph, Dhruv Sharma, chief executive officer, 123india.com said that while the portal was looking for 'quality money,' the dilution would be done either with investors or strategic partners, who were likely to add value to the relationship. The portal, which has targeted 100 million page views, apart from 1.8 million registered users by the end of this fiscal, has identified around 14 new services over the next two months for which it would enter into strategic alliances with various top-of-the-line vortals (vertical portals). These alliances would be in the sphere of education, technology, entertainment, films, career and a site for women. 'The alliances would be with those vortals who are the best in their own space,' Sharma added. Additionally, 123india.com is looking at providing more value-added services to expand its customer base. One of the features which it plans in this regard, is offering broadband services in the field of news and entertainment among others. 'In offering such services, the route which we will take is to partner with the best technology providers,' Sharma said. Besides, the portal plans to introduce the instant messenger facility. Meanwhile, 123india.com has been rated among the top 5 sites visited by Indians world-wide and the only Indian site in the top 5 by the leading dotcom rating agency, Alaxa, part of the Amazon world-wide network. The rating, according to officials, was awarded on the basis of page views, content and the overall performance of the site. Founded in 1997, the site has seen a growth in its registered user base from 50,000 to more than 6.25 lakh and it enjoys more than 54 million page views per month. The portal, which is an India dedicated internet media site, offers branded web content and other services like chat, greetings, cricket, message boards, weather, stock quotes, personal home pages among others. The portal is also planning to introduce business-to-business (B2B) and e-commerce services in the next two months. Officials added that revenues from this line of business would account for more than 50 per cent of its total turnover. B2B portal launch Indiainfo has launched its B2B portal, 'esourceindia.com,' which will act as a sourcing site for both buyers and customers. Vendors can attract buyers, display products, submit quotations, negotiate prices and sell via the internet while customers can shortlist vendors, select products and generate purchase orders online, the company said in a statement here. 'We have always aimed to make indiainfo.com Pvt Ltd a comprehensive portal network and not just a B2C portal,' president (business development) of indiainfo.com, V. S. S. Mani said.    
Follow us on:
ADVERTISEMENT
ADVERTISEMENT