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Indiamart Intermesh acquires stake in M1xchange for Rs 32.4 crore

30 Nov 2021 Evaluate

Indiamart Intermesh has acquired stake in trade receivable discounting system services firm M1xchange for Rs 32.4 crore. The company has earlier announced a deal to acquire 7.7 per cent in M1xchange for Rs 32.4 crore and now the transaction closes.

Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.

Peers
Company Name CMP
Eternal 327.80
Swiggy 245.75
Meesho 236.70
FSN E-Comm. Ventur. 343.00
Brainbees Solutions 172.20
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