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IndiaMART to invest Rs 3 crore in SuperProcure

The aggregate shareholding of Tradezeal in SuperProcure currently stands at 25.02% on a fully diluted basis.

IndiaMART-Backed ProcMart Secures $10 Mn Funding From Sixth Sense Ventures

B2B procurement marketplace ProcMart has raised $10 Mn (INR 81.86 Cr) in its Series A round from Sixth Sense Ventures.

SaaS Startup Draup Secures $20 Mn From US Private Equity Firm HKW

B2B SaaS startup Draup has raised $20 Mn from US-based private equity firm HKW to accelerate its AI capabilities & expand product portfolio.

Indiamart Acquires 26 01% Stake In Inventory SaaS Startup EasyEcom

IndiaMART has invested INR 13.35 Cr (~$1.79 Mn) in EasyEcom through its wholly-owned subsidiary Tradezeal Online to acquire a 26.01% stake.

IndiaMART InterMESH tanks 8% on weak operational performance in March qtr

Shares of IndiaMART InterMESH tanked 8.4 per cent to Rs 8,055 during Friday s intra-day deals on the BSE on weak operational performance in March quarter of FY21. The B2B e-commerce firm s total income increased just 1 per cent to Rs 190 crore during the reported quarter from Rs 187 crore in the corresponding period of 2019-20. For the full fiscal of 2020-21, its total income grew by 7 per cent to Rs 756 crore from Rs 707 crore in the preceding fiscal. During these trying times, we remain committed to employee safety and customer centric approach helping businesses grow through on-line transformation, Indiamart Intermesh CEO Dinesh Agarwal said in a statement.

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