IndiaMART Acquires Remaining Stake For Rs 26.78 Cr In Livekeeping To Expand SaaS Offerings

indiamart InterMESH Limited, a B2B ecommerce company, has fully acquired SaaS startup Livekeeping Technologies in a secondary deal worth Rs 26.78 Cr ($3.1 Mn).

IndiaMART first bought a 51.09% stake in Livekeeping in 2022 for Rs 45.98 Cr, which included a Rs 35 Cr direct investment and share purchases from the founders.

Last year, it increased its stake by another 14.88% for Rs 13.39 Cr, bringing its total holding to 65.97%.

In a recent exchange filing, IndiaMART said it bought 5,235 more equity shares from Livekeeping's promoters, making it the full owner of the startup.

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The move aligns with IndiaMART’s goal of expanding its range of SaaS solutions for businesses.

About Livekeeping 

Founded in 2015 by Ritesh Kothari, Livekeeping offers online accounting software that works with offline tools like Tally. With this acquisition, IndiaMART plans to boost its SaaS offerings and help small and medium businesses with digital accounting solutions.

IndiaMART has played a key role in helping Indian small businesses go digital. As the country’s first and biggest B2B marketplace, it has helped many SMEs grow their online presence. The Livekeeping acquisition shows IndiaMART’s focus on expanding its digital services and staying ahead in the SaaS space.

Financially, IndiaMART’s net profit jumped 81% to ₹180.6 Cr in the March 2025 quarter, up from ₹99.6 Cr a year earlier.

Its revenue also rose by nearly 13% to ₹355.1 Cr from ₹314.7 Cr in Q4 FY24.

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