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IndiaMART acquires 26% stake in warehouse mgt firm EasyEcom for Rs 13.35 cr

The investment is in line with IndiaMART's objective of offering various SaaS solutions for businesses

M&As, Mergers and acquisitions
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Photo: Shutterstock

BS Reporter Mumbai
IndiaMART, India's largest B2B marketplace, has made an investment of about Rs 13.35 crore via its wholly-owned subsidiary Tradezeal Online Private Limited, to acquire a 26.01% stake in EasyEcom (Edgewise Technologies Private Limited).

A press release issued by EasyEcom says Edgewise Technologies is an AI-driven omnichannel inventory and warehouse management company that offers SaaS-based online commerce enablement solutions to merchants. Its flagship inventory and warehouse management solutions allow merchants to allocate, track and reconcile inventory across various online and offline sales channels, the release stated, adding that the firm offers additional modules that automate the other back office functions of merchants,