IndiaMART Intermesh Limited (IndiaMART) made a partial sale of their stake in Instant Procurement Services Private Limited which operates ‘ProcMart’, as part of a larger investment round in ProcMart led by Sixth Sense Ventures.

This deal involved selling of shares held by Tradezeal Online Private Limited, a subsidiary of IndiaMART.

Lakshmikumaran & Sridharan Attorneys (LKS) assisted IndiaMART in negotiation and finalisation of the transaction documents.

The transaction team was led by Kunal Arora (Partner).

The deal team included Anupam Misra (Principal Associate), Dikshita Damodaran (Senior Associate) Anjali Menghani (Senior Associate) and Kumar Mangalam (Associate).

Thinking Legal represented Sixth Sense Ventures in this deal.

The transaction team was led by Vaneesa Agarwal (Partner).

Sequitur represented ProcMart in this deal.

The transaction team was led by Utpal Kant (Partner).

Operated by Instant Procurement Services Private Limited, ProcMart is a B2B procurement portal for industrial buyers.

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