Instant Procurement Services Private Limited announced that it has received INR 249.939491 million in funding from Sixth Sense Ventures Advisors LLP, IndiaMART InterMESH Limited, The Fundamentum Partnership, Edelweiss Multi Strategy Funds Management Pvt. Ltd., Paramark Ventures
March 20, 2024
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Instant Procurement Service Private Limited announced that it has issued 5,933 pre-series B CCPS at an issue price of INR 42,127 per share for gross proceeds of INR 249.939491 co led by new investors, The Fundamentum Partnership, and Edelweiss Discovery Fund - Series I, a fund managed by Edelweiss Multi Strategy Funds Management Pvt. Ltd. on March 21, 2024. The transaction included participation from returning investors, Sixth Sense Ventures Advisors LLP, and IndiaMART InterMESH Limited.
IndiaMART InterMESH Limited is an India-based online business-to-business (B2B) marketplace, which connects buyers with suppliers. The channel is focused on providing a platform for small and medium enterprises (SMEs), large enterprises, as well as individuals. The Company operates through two segments: Web and related Services and Accounting Software Services. Web and related services segment provide business-to-business e-marketplace services, which acts as an interactive hub for domestic and international buyers and suppliers. The Accounting software services segment provides the business of development, system analysis, designing and marketing of integrated business accounting software to help and manage businesses with increased efficiency. The Company's solutions include IM Leader, IM Star, TrustSEAL, Maximiser, IndiaMART Paid Service (MDC), IndiaMART Verified Exporter, enterprise solutions and advertising solutions.
Instant Procurement Services Private Limited announced that it has received INR 249.939491 million in funding from Sixth Sense Ventures Advisors LLP, IndiaMART InterMESH Limited, The Fundamentum Partnership, Edelweiss Multi Strategy Funds Management Pvt. Ltd., Paramark Ventures
INDIAMART INTERMESH LIMITED 
