Indiamart Intermesh Limited
IndiaMART, the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating the Small and Medium Businesses (SMEs) into the new paradigm with speed and ease, we are constantly pushing the frontiers of innovation to make the online marketplace more accessible, visible and engaging to them.
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IndiaMART has incorporated a new wholly-owned subsidiary, IndiaMART Finance Limited. This strategic move signals the company's expansion into financial services. While specific offerings are yet to be disclosed, this step could broaden IndiaMART's ecosystem and provide new avenues for growth and monetization within its large B2B network. This development positions...
IndiaMART InterMESH will invest Rs. 64.99 Cr in Fleetx Technologies Private Limited by subscribing to 4,630 Compulsory Convertible Preference Shares. This strategic move will give IndiaMART a 25.80% stake in Fleetx, an AI-powered fleet and logistics optimization platform. Fleetx reported a turnover of Rs. 77.80 Cr for FY25. This acquisition...
IndiaMART InterMESH has approved the incorporation of IndiaMART Finance Limited, a new 100% wholly-owned subsidiary, with an initial paid-up capital of ₹0.05 Cr. This strategic foray into financial services aims to significantly enhance user engagement and retention by offering direct short-term working capital solutions on its platform. The move is...
IndiaMART has announced a board meeting on acquiring Livekeeping Technologies, a SaaS-based accounting software integrator with Rs. 2.35 Cr turnover. Valued at Rs. 26.78 Cr and acquired fully in cash, Livekeeping will be a wholly owned subsidiary. This deal boosts IndiaMART’s product portfolio by adding real-time desktop-to-cloud accounting solutions, reinforcing...
IndiaMART has announced a board meeting to discuss subscribing to 2,921 compulsorily convertible preference shares of Fleetx Technologies for about Rs. 41 Cr, boosting its stake to 22.25%. Fleetx is an AI-driven fleet and logistics optimization SaaS with Rs. 60.14 Cr turnover in FY24. This investment enhances IndiaMART’s SaaS portfolio...