India, May 9 -- B2B ecommerce company IndiaMART InterMESH Limited has completed the buyout of SaaS startup Livekeeping Technologies through a secondary deal worth INR 26.78 Cr ($3.1 Mn).

It must be noted that IndiaMART initially acquired a majority 51.09% stake in Livekeeping for INR 45.98 Cr in 2022. The transaction included a primary infusion of INR 35 Cr and the purchase of shares from the promoters for the remaining amount.

Last year, IndiaMART acquired an additional 14.88% stake in Livekeeping for INR 13.39 Cr, taking its total shareholding in the SaaS startup to 65.97%.

In an exchange filing yesterday, IndiaMART said it acquired 5,235 equity shares of face value of INR 10 each and a premium of INR 51,135 per share from the promot...