VC Fund Investments
Sales automation tools developer Mobisy to raise Rs.14-Cr from IndiaMART, others
IndiaMART is to purchase 100 equity shares and subscribe to 91,804 Compulsorily Convertible Preference Shares (CCPS) of Bengaluru-based Mobisy Technologies Pvt Ltd from an existing investor for INR 14.28 crore. Mobisy is also undertaking a fundraise through primary subscription from a new investor. Following this investment, IndiaMART's shareholding in Mobisy will increase to about 31.33%.Mobisy develops web and mobile applications related to sales force and downstream supply chain automation solutions.
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