Best MLM companies in India to buy from

Best MLM companies in India to buy from

MLM company Network Marketing has been sold to a Chinese firm, according to sources in the company. 

Network Marketing has raised around $3.3 million (Rs 5.1 crore) from investors, sources said. 

“It was a strategic acquisition and Network Marketing is the third company to take on this role, after Network Marketing India and Fidelity. 

The deal was signed on February 8, 2016,” the sources said, adding that the deal will be done through the company’s parent, Network Marketing International (NMI), in China. 

NMI, which owns a large chunk of the MLM industry, is a subsidiary of a Chinese company called Network Marketing, which is owned by the same company as Network Marketing. 

After the merger, Network Management will be renamed Network Marketing Asia. 

Another source said that Network Marketing was planning to sell another MLM platform, called Network Media, which it had acquired in 2014 for $2.5 million. 

This move is the first time a company has taken on the role of a global MLM leader in India. 

In its first year in operation, Network Media attracted more than 30 million users. 

 The MLM firm’s platform offers users access to thousands of apps, including payment and credit cards, online banking and other services, among others. 

There are currently more than 25 MLM platforms, which are mainly owned by multinationals such as Wipro, Tiger Global, Wiproc and Axis Bank. 

Earlier this year, a $25 million (about Rs 1 crore) deal was announced between Network Marketing and Fidos India, the parent company of Fidopedia, to sell more than 100 million products. 

Fidos is a major online marketing company, and offers a range of services including online retailing, online advertising, content creation, social media management and e-commerce. 

According to sources, Network Manager will be the new name of Fidelity’s MLM and network marketing company.

Fidelity had already acquired Network Marketing in 2014, for a reported $1.4 billion (Rs 9.4 crore). 

Earlier, Fidoes had also purchased the online marketing platform, Networker, in 2017 for a total of $5.7 billion (about $10 billion). 

Fidelity also purchased an MLM startup,, in July 2018 for $3 billion (around Rs 6.6 billion).


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