SUMMARY
- IndiaMART InterMESH has announced an investment of INR 14.3 crore in Mobisy Technologies, acquiring 100 equity shares and 91,804 compulsorily convertible preference shares (CCPS).
- This move aligns with IndiaMART’s strategy of offering SaaS-based solutions to businesses.
- In September 2024, IndiaMART increased its stake in Mobisy to 27.21% from 25.08% through the conversion of debentures to preference shares.
IndiaMART InterMESH, one of India’s largest online B2B marketplaces, has announced an additional investment of INR 14.3 crore in Mobisy Technologies, furthering its commitment to the SaaS (Software as a Service) ecosystem for businesses.
As part of the deal, IndiaMART will acquire 100 equity shares and 91,804 CCPS in Mobisy, enhancing its stake and influence in the tech-driven business solutions space.
IndiaMART stated that the investment aligns with its long-term vision of providing innovative, SaaS-based business solutions. Mobisy, known for its flagship Bizom platform—a SaaS tool for supply chain and sales force automation—has been a key partner in this journey.
The increased stake reinforces IndiaMART’s focus on delivering advanced solutions that enable businesses to optimize operations and drive growth in a digital-first economy.
IndiaMART’s engagement with Mobisy has been steadily intensifying:
- In September 2024, IndiaMART’s stake in Mobisy rose to 27.21% (from 25.08%) following the conversion of debentures into preference shares.
- The current investment reflects a continued commitment to nurturing its portfolio companies and expanding its SaaS offerings.
IndiaMART has been proactively investing in technology-driven startups to bolster its ecosystem:
- It has made significant investments in platforms focused on automation, supply chain management, and enterprise solutions.
- This latest move aligns with the company’s broader goals of consolidating its position as a leading enabler of digital transformation for businesses.
The additional stake in Mobisy positions IndiaMART to capitalize on the growing demand for SaaS platforms in India, a sector poised for exponential growth. With Mobisy’s capabilities in supply chain automation and IndiaMART’s extensive reach, the collaboration is expected to yield synergies that benefit both entities and their customers.
