Indiamart Intermesh through its wholly owned subsidiary — Tradezeal Online has agreed to acquire 22% of the Share Capital (on fully diluted basis) of Truckhall through Share Subscription and Shareholders Agreement (SSHA) signed between the parties. The company through its wholly owned subsidiary intends to invest a total of upto Rs 9.68 crore.
This investment shall be in line with the Indiamart Group’s long-term objective of offering various Software as a Service (SaaS) based solutions for businesses.
Indiamart Intermesh is India’s largest online B2B marketplace for business products and services.