Indiamart Intermesh Limited — JV/Acquisition, 02-05-2025: Acquisition

IndiaMART has announced a board meeting to discuss subscribing to 2,921 compulsorily convertible preference shares of Fleetx Technologies for about Rs. 41 Cr, boosting its stake to 22.25%. Fleetx is an AI-driven fleet and logistics optimization SaaS with Rs. 60.14 Cr turnover in FY24. This investment enhances IndiaMART’s SaaS portfolio and deepens its technology edge in logistics, supporting its push into digital supply chain solutions and operational efficiency improvements.