IndiaMART To Invest ₹65 Cr More In Fleetx, Raise Stake To 25.8%

by · Inc42

SUMMARY

  • IndiaMART will invest about ₹65 Cr in Fleetx by subscribing to 4,630 CCPS, increasing its shareholding in the fleet management startup to 25.8%.
  • The investment reinforces IndiaMART's strategy of expanding its SaaS portfolio beyond its core B2B marketplace through investments in enterprise software startups.
  • IndiaMART first backed Fleetx in 2022 by leading its Series B round and later participated in its Series C funding in 2025. The latest investment is expected to be completed within 30 days.