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MoneyWorks4Me

Indiamart Intermesh’s arm to acquire 26.01% stake in EasyEcom

22 Dec 2021 Evaluate

Indiamart Intermesh has indirectly through its wholly owned subsidiary -- Tradezeal Online (TOPL) agreed to acquire 4,784 Compulsorily Convertible Series A Preference Shares and 100 Equity Shares aggregating to 26.01% of Edgewise Technologies (EasyEcom) on fully diluted basis.

This investment shall be in line with the company’s long term objective of offering various Software as a Service (SaaS) based solutions for businesses.

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

Peers
Company Name CMP
Eternal 330.50
Swiggy 188.00
Meesho 223.65
FSN E-Comm. Ventur. 339.00
Brainbees Solutions 164.55
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