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Indiamart Intermesh enters into agreement to invest in Fleetx

22 Feb 2022 Evaluate

Indiamart Intermesh has entered into an agreement to invest 16.53% of the share capital (on fully diluted basis) of Fleetx Technologies (Fleetx). This investment is 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 323.00
Swiggy 277.90
Meesho 216.60
FSN E-Comm. Ventur. 343.20
Brainbees Solutions 168.60
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