Indiamart buys 26% stake in Realbooks for Rs 13.75 crore
Real Estate

Indiamart buys 26% stake in Realbooks for Rs 13.75 crore

Indiamart, a business to business (B2B) e-commerce company, announced the purchase of a 26.01% stake in cloud-based account software company Adansa Solutions for Rs 13.75 crore on Monday.

Indiamart's wholly-owned subsidiary Tradezeal Online Private Limited acquired shares in the transaction through a combination of primary and secondary share purchases.

Adansa Solutions, which sells a cloud-based accounting software product for businesses under the brand name Realbooks, had a turnover of Rs 2.6 crore in the fiscal year 2021.

Indiamart is the country's largest online B2B marketplace, bringing buyers and sellers together. With a 60% market share in India's online B2B classified space, the channel focuses on providing a platform to Small and medium-sized enterprises (SMEs), Large Enterprises, and individuals. The mission of the company, which was founded in 1999, is to make doing business easy.

Indiamart Intermesh, a B2B e-commerce company, reported a 12.4% drop in consolidated net profit to Rs 70.2 crore in the December 2021 quarter on Monday.

In the previous fiscal year's corresponding period, the company made a net profit of Rs 80.2 crore.

According to a regulatory filing, revenue increased 8.3% to Rs 188.1 crore in the third quarter of FY22 from Rs 173.6 crore the previous year.

During the third quarter of FY22, Indiamart had 259 million visitors and 23 million unique business inquiries. Supplier storefronts increased by 10% year over year to 7 million, and paying subscription suppliers increased to 1.56 lakh with a net addition of 5,833 subscribers during the quarter.

Image Source

Also read: Bosch bags 26% stake in Autozilla Solutions B2B E-marketplace

Indiamart, a business to business (B2B) e-commerce company, announced the purchase of a 26.01% stake in cloud-based account software company Adansa Solutions for Rs 13.75 crore on Monday. Indiamart's wholly-owned subsidiary Tradezeal Online Private Limited acquired shares in the transaction through a combination of primary and secondary share purchases. Adansa Solutions, which sells a cloud-based accounting software product for businesses under the brand name Realbooks, had a turnover of Rs 2.6 crore in the fiscal year 2021. Indiamart is the country's largest online B2B marketplace, bringing buyers and sellers together. With a 60% market share in India's online B2B classified space, the channel focuses on providing a platform to Small and medium-sized enterprises (SMEs), Large Enterprises, and individuals. The mission of the company, which was founded in 1999, is to make doing business easy. Indiamart Intermesh, a B2B e-commerce company, reported a 12.4% drop in consolidated net profit to Rs 70.2 crore in the December 2021 quarter on Monday. In the previous fiscal year's corresponding period, the company made a net profit of Rs 80.2 crore. According to a regulatory filing, revenue increased 8.3% to Rs 188.1 crore in the third quarter of FY22 from Rs 173.6 crore the previous year. During the third quarter of FY22, Indiamart had 259 million visitors and 23 million unique business inquiries. Supplier storefronts increased by 10% year over year to 7 million, and paying subscription suppliers increased to 1.56 lakh with a net addition of 5,833 subscribers during the quarter. Image Source Also read: Bosch bags 26% stake in Autozilla Solutions B2B E-marketplace

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement