IndiaMART plans to invest up to Rs 14.28 crore in Mobisy Technologies.

IndiaMART will invest up to Rs 14.28 crore in Mobisy Technologies by buying 100 equity shares and 91,804 Compulsory Convertible Preference Shares (CCPS) from an existing investor.

Investment Benifit

With this investment, IndiaMART's total stake in Mobisy will rise to around 31.33%. Mobisy is also raising funds from a new investor.

IndiaMART's investment aligns with its goal to provide SaaS-based solutions for businesses. Mobisy's main product, Bizom, is a retail intelligence platform for brands and retailers, generating Rs 78.6 crore in revenue in FY24. 

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The 80,000 debentures IndiaMART subscribed to will likely convert into approximately 42,697 preference shares with a face value of Rs 1 each.

Mobisy develops web and mobile apps for sales force and supply chain automation.

About IndiaMART

IndiaMART, India’s largest online B2B marketplace, connects buyers and suppliers across various industries. It serves SMEs, large businesses, and individual buyers offering access to wide range of quality products.

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