Marketplace

JSW, Tata, Birla’s entry into B2B e-commerce augurs poorly for Infra.Market, OfBusiness

JSW, Tata, Birla’s entry into B2B e-commerce augurs poorly for Infra.Market, OfBusiness. For almost a decade, B2B e-commerce has been the domain of startups like Infra.Market and OfBusiness. Now, conglomerates like Tata, JSW, and Aditya Birla Group have launched their own marketplaces. The big manufacturers launching their own shop fronts are turning rivals for Infra.Market and OfBusiness.

CRED is facing a catch-22 situation

Abir Dasgupta / March 7, 2025

CRED is facing a catch-22 situation. The platform, founded by Kunal Shah, spent heavily on growth and acquiring affluent users. Despite substantial revenue growth in FY25 (₹1,473 crore), the company is yet to turn a profit. Its main revenue driver is the loans business (about 85% of FY25 revenue), but the growth rate of loan distribution has suffered a downturn. Analysts suggest CRED may not have enough cash left to build another vertical or sustain its current high valuation without significant fundraising.

JSW, Tata, Birla’s entry into B2B e-commerce augurs poorly for Infra.Market, OfBusiness

CRED is facing a catch-22 situation

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