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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

(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
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(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

BS Reporter Mumbai
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.

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.

Fleetx.io is a freight and fleet management software which helps both fleet operators and businesses to digitise their operations and helps them improve safety, efficiency and sustainability of their

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First Published: Feb 22 2022 | 4:52 PM IST

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