Acquisitions27 Jul 2026, 03:08 pm
IndiaMART Invests ₹65 Cr in Fleetx Technologies
AI Summary
IndiaMART InterMESH Limited announced its agreement to subscribe to 4,630 Compulsory Convertible Preference Shares (CCPS) in Fleetx Technologies Private Limited for up to ₹64.99 Crores. Fleetx is an AI-powered fleet and logistics optimization platform. This investment aligns with IndiaMART's strategy to offer SaaS-based solutions for businesses. The transaction is expected to be completed within 30 days. Post-acquisition, IndiaMART's shareholding in Fleetx will be 25.80% on a fully diluted basis. Fleetx reported a turnover of ₹77.80 Crores for FY25.
Key Highlights
- IndiaMART to invest up to ₹64.99 Cr in Fleetx Technologies.
- Acquisition aims to expand IndiaMART's SaaS solutions portfolio.
- Fleetx is an AI-powered logistics optimization platform.
- IndiaMART's stake in Fleetx to reach 25.80% post-transaction.
- Transaction expected to complete within 30 days.
Price Impact
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