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IndiaMART invests Rs 91.42 cr, takes stake to 16.53% in Fleetx Technologies

Fleetx.io has raised a total of Rs 145 crore in this round, led by IndiaMART along with participation from existing investors IndiaQuotient and BEENEXT

Topics
IndiaMART | Investment | Stake sale

BS Reporter  |  Mumbai 



(From left) Dinesh Agarwal, MD, Indiamart Intermesh and Prateek Chandra, CFO, Indiamart Intermesh at the IPO Press Conference in Mumbai on Wednesday  	Photo: Kamlesh Pednekar
(From left) Dinesh Agarwal, MD, Indiamart Intermesh and Prateek Chandra, CFO, Indiamart Intermesh at the IPO Press Conference in Mumbai on Wednesday Photo: Kamlesh Pednekar

B2B marketplace IndiaMART, announced an of Rs 91.42 crore in Fleetx Technologies Private Limited (‘Fleetx.io’). As part of the transaction, 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 per cent.

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First Published: Tue, February 22 2022. 16:52 IST

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