Indiamart, which was founded in 1998, previously raised $10m from Intel Capital, the corporate venturing unit of US-listed semiconductor company Intel, in 2008 by selling a 14% stake and $3.4m in return for about 5% stake from Brand Equity Treaty the year before.
Indiamart Intermesh, an India-based online retailer, plans to raise R100 crore ($20m) from private equity investors, according to news provider VCCircle.
The internet company, which was founded in 1998, raised $10m from Intel Capital, the corporate venturing unit of US-listed seminconductor company Intel, in 2008 by selling a 14% stake and $3.4m in return for about 5% stake from Brand Equity Treaty the year before.
Separately, IFCI Venture Capital Funds through its Green India Venture Fund is investing R13.5…
