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

BS Reporter | Mumbai
Last Updated at February 22, 2022 16:52 IST

(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 investment of Rs 91.42 crore 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 per cent.

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