IndiaMART, a B2B marketplace, via its wholly owned subsidiary Tradezeal Online Private Limited, has made an investment of approximately INR 7.5 Crores to purchase compulsorily convertible debentures (CCDs) of Truckhall Private Limited (Superprocure). Superprocure is a SaaS platform that digitizes the entire freight sourcing and dispatch monitoring system of the logistics department of an organization.…
IndiaMART, a B2B marketplace in India, has made an investment of approximately INR 170.1 Million in Zimyo Consulting Private Limited. Zimyo Consulting under the brand name ‘Zimyo’, offers SaaS-based human resource management software for businesses. It allows users to carry out critical HR processes including recruitment and onboarding, payroll management, performance management, and time &…
IndiaMart, a B2B marketplace of India, has acquired 26% share capital of IB Monotaro Private Limited. The company acquired 8.1 lakh shares from Emtex Engineering Private Limited for a total consideration of INR 104.2 Cr. Pursuant to this transaction, MonotaRO Co. Ltd. (Japan) will hold 51.6% stake, IndiaMart will hold 26% stake and Emtex Engineering…
IndiaMART, a B2B marketplace in India, has announced an investment of Rs 91.42 Crores in Fleetx Technologies Private Limited (‘Fleetx.io’). As part of the transaction, IndiaMART has agreed to acquire shares via a mix of primary and secondary share purchases, and its final holding post the round shall stand at 16.53%. Fleetx.io has raised a…
IndiaMART, a B2B marketplace, has announced its participation in the Series B Investment Round of Simply Vyapar Apps Private Limited (Vyapar), of Rs 217.6 Crores. The round has been led by WestBridge Capital, along with the participation of existing investor India Quotient. Vyapar’s valuation post this round shall stand at approximately Rs 883 Crores. As…