Indiamart raises fresh funds from Amadeus Capital, Westbridge and Intel

Date posted: Wednesday 9 March 2016

Indiamart.com, one of the largest online listing platforms for small and medium businesses has raised an undisclosed amount in Series C funding led by Amadeus Capital. Westbridge, UK based Quona Capital and existing investor Intel Capital too participated in the round. The current round is expected to have raised Rs.130-140 crore. IndiaMart will use the funds largely for Tolexo, its new online marketplace for businesses. It will also use the funds towards financing small and medium enterprises and payments space

(Mint)