Indiamart Intermesh has entered into an agreement to invest Rs 61.55 crore approximately in Simply Vyapar Apps (Simply Vyapar) in its Series B Investment Round by subscribing 1,809 Series B Compulsorily Convertible Preference Shares (‘CCPS’) and purchasing 444 Equity Shares. 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.
The aggregate shareholding of the Company, post this investment, shall increase from 26% currently to 27% of the share capital of Simply Vyapar, on fully diluted basis.
Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.
| Company Name | CMP |
|---|---|
| Eternal | 245.90 |
| Meesho | 194.40 |
| Swiggy | 263.70 |
| FSN E-Commerce | 270.15 |
| Brainbees Solutions | 229.85 |
| View more.. | |
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