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Indiamart Intermesh inks pact to acquire 10% stake in Baldor Technologies

30 May 2024 Evaluate

Indiamart Intermesh has entered into an agreement to acquire 10% of the share capital (on fully diluted basis) of Baldor Technologies (IDfy). 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 company intends to invest Rs 89.69 crore in Baldor Technologies

Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.


Peers
Company Name CMP
Eternal 327.80
Swiggy 245.75
Meesho 236.70
FSN E-Comm. Ventur. 343.00
Brainbees Solutions 172.20
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