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.