Entreprenuernewsnetwork

Gurugram based Fleetx.io raises $19.4M in Series B round

February 22, 2022 by Entreprenuernewsnetwork

FleetX, a Gurugram-based freight visibility and fleet management platform, announced on Tuesday that it has raised $19.4 million in Series B funding led by IndiaMart, with existing investors India Quotient and BEENEXT participating. Vineet and his co-founders Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra launched the company in 2017. It promises to … Read more

Indiamart Intermesh Acquires Stake In M1xchange For Rs 32.4 Crore

November 30, 2021 by Entreprenuernewsnetwork

Indiamart Intermesh, a B2B e-commerce startup, has purchased a share in M1xchange, a trade receivable discounting system services firm, for Rs 32.4 crore, the fintech firm announced on Monday. Indiamart had previously announced a plan to buy 7.7% of M1xchange for Rs 32.4 crore, and the transaction is now complete with the fintech firm receiving … Read more