Other Private Equity/Strategic Investments
IndiaMART invests Rs.7.5 Cr more in Truckhall; hikes stake to over 25%
Publicly listed B2B marketplace IndiaMART - through its wholly owned subsidiary, Tradezeal Online Private Limited has made a fresh investment of approximately - INR 7.5 crore to purchase compulsorily convertible debentures (CCDs) of Kolkata-based Truckhall Private Limited. The deals takes the aggregate shareholding of Tradezeal in Truckhall to 25.02%. Truckhall offers ‘SuperProcure', a SaaS platform that digitizes the entire freight sourcing and dispatch monitoring system of the logistics department of an organization. The total turnover of Superprocure for FY21 was INR 2.5 crore. IndiaMART had previously led the seed investment round of Superprocure in April 2022, as part of which it had invested INR 9.68 crore as primary capital into the company and purchased existing investor securities worth INR 1.33 crores via a secondary share purchase.
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