Indiamart participates in Series B Investment Round of Vyapar

28 Jan 2022 , 01:33 AM

Indiamart Intermesh has announced its participation in the Series B Investment Round of Simply Vyapar Apps Vyapar of Rs 2176 crore The round has been led by WestBridge Capital along with the participation of existing investor India Quotient Vyapars valuation post this round shall stand at approximately Rs 883 crore As part of the transaction IndiaMART has acquired shares for an aggregate investment of Rs 6155 crore via a mix of primary and secondary share purchases Post this round IndiaMART shall hold 27Percentage in Vyapar on a fully diluted basis Vyapar offers a comprehensive GST billing accounting and inventory management mobile and desktop software app for small businesses which allows them to digitize their business operations It has over 1 Lakh paying customers for its product IndiaMART had previously led Vyapars Series A Investment Round in September 2019 by investing Rs 312 crore for a 26Percentage stake in the company