IndiaMART InterMESH has entered into an agreement to acquire 10% of share capital (on fully diluted basis) of Zimyo Consulting. This investment is in line with the company’s long term objective of offering various Software as a Service (SAAS) based solutions for businesses. The indicative time period for completion of the acquisition is 45 days. As part of the current funding round, the company intends to invest upto Rs 17.01 crore.
IndiaMART InterMESH is India’s largest online B2B marketplace for business products and services.
