Inside IndiaMART’s $100 mn bet on nine startups in FY222 min read . Updated: 26 Feb 2022, 12:12 AM IST
- It looks to expand horizontally at a time when competition in B2B e-commerce is heating up
MUMBAI, NEW DELHI : IndiaMART InterMESH Ltd, one of India’s oldest internet firms, has been actively investing in startups since its listing in 2019. In this fiscal year 2021-22 alone, the business-to-business (B2B) marketplace has invested over $100 million across nine companies. One of the deals included a 100% acquisition of accounting software company Busy Infotech Pvt. Ltd for ₹500 crore in its biggest deal so far.
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