Amadeus Capital Leads a Series C Round for IndiaMART (Asia)

Source: IndiaMART

Technology-focused venture capital firm Amadeus Capital Partners has led a Series C round for India-based online marketplace IndiaMART. Other participants in the round included India-focused private investment firm WestBridge Capital; Quona Capital, an investor in growth-stage financial technology companies in emerging markets; and Intel Corporation’s venture capital arm Intel Capital. IndiaMART will use the new capital to scale its Indiamart.com and Tolexo.com platforms. Financial details of the transaction were not disclosed.