Indiamart Intermesh has made an investment of around Rs 15.1 crore to acquire 7.96% stake in Mobisy Technologies (Bizom) via a secondary share purchase of existing investor securities. This investment will result in IndiaMART increasing its stake to 25.08%. Bizom is a software as a service (SAAS) based end to end retail intelligence platform for brands and B2B retailers. It allows businesses to digitize the end-to-end sales and distribution platform from Sales Force Automation (SFA), Distributor Management System (DMS), and retail execution and management. It uses a proprietary analytics engine with AI and ML to deliver custom reports, alerts and actionable insights to brands.
The technology also uses features like image recognition, and offers an auto replenishment system, business intelligence, smart merchandising, trade financing, trade promotion management, and more. This investment is in line with the Company’s long term objective of offering various software as a service based solutions for businesses.
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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