Indiamart Intermesh’s wholly owned subsidiary--Tradezeal Online has invested approximately Rs 13.75 crore in Adansa Solutions. As part of the transaction, The company has agreed to acquire shares via a mix of primary and secondary share purchases, and its final shareholding post the round shall stand at 26.01%.
Adansa Solutions under the brand name ‘Realbooks’, offers a cloud based accounting software product for businesses. Furthermore, it enables businesses to create customized invoices, attach files to vouchers, and manage their inventory. It also allows managing of different business units from a single dashboard.
Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.
