Home Breaking News Industrybuying.com secures US$ 15M from Japan’s MonotaRO

Industrybuying.com secures US$ 15M from Japan’s MonotaRO

Indian Startup

Industrybuying.com secures US$ 15M from Japan's MonotaRO in a joint venture
Industrybuying.com secures US$ 15M from Japan's MonotaRO in a joint venture

Japan’s largest MRO (Maintenance, repair and operations) B2B e-commerce company, MonotaRo Co Ltd has announced on 26th September 2020 that it has invested US$ 15M in a joint venture with indusrtybuying.com to grow the latter’s SME (small and medium enterprises) online shopping business in India.

Emtex Engineering owns industrybuying.com . It has two businesses namely, SME e-commerce and large enterprise. MonotaRO will own a 51.6 percent stake in the joint venture followed by the rest of the stake (48.4 percent) to be held by Emtex Engineering Pvt Ltd.

About Industrybuying.com

Industrybuying

IndusrtryBuying.com is India’s top B2B (business to business) marketplace. It is one of the ideal online destinations for SME enterprises seeking to acquire or purchase industrial goods for their businesses. Therefore, the e-commerce platform envisions to make online B2B shopping in India a seamless and value-adding proposition.

With products sourced through 5000+ vendors, industrybuying.com is on a mission to fill the gap between customers and B2B traders. More than 3700+ leading brands such as Su-Kam, Crompton Greaves, Kirloskar, RS Pro, Bosch, Canon, Karam, along with many more on the portal make buying a valuable experience for any B2B customer.

IndustryBuying hosts a variety of products spanning across multiple categories such as IT & Electronics, Welding, Testing & Measuring and Medical Supplies, among others. Also, the products can be bought at wholesale prices to enjoy additional discounts. Its platform is supported by an interactive web layout, and user-friendly UI. For payment purposes, customers can choose from multiple modes of payment such as Cash on Delivery (COD), Debit and Credit Card Payment, Net Banking, Mobile Wallets (Paytm, Mobikwik), NEFT and Cheques. IndustryBuying provides on-time and free home delivery across India.

With the latest investment, industrybuying.com will now be able to make use of MonotaRO’s savoir-faire, product portfolio, supplier network, and e-commerce proficiency to establish itself as a B2B market leader in India.

About MonotaRO

MonotaRO Co Ltd. is a Japanese e-commerce company of industrial supply products based in Hyogo, Japan. The company sells Maintenance, repair and operations products through the internet and catalogs, targeting SME companies. MonotaRO sells various products across various categories such as personal protective equipment, hand tools, fasteners and lab supplies. It has more than 1 million customers in Japan. MonotaRO ships products to over 32 countries globally including Bangladesh, Malaysia, Indonesia, Sri Lanka, Thailand to name a few. The company was featured in the Forbes Asia “Best Under A Billion” list in 2013.

We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Story.

Previous articleFintech startup SPARQ secures €440K in funding
Next articleSpain based Impress gains USD 5.8m for affordable orthodontics
Aishwarya writes about the startup ecosystem on VCBay. She is a third-year Computer Science engineering student who looks forward to exploring the world of startups and finance.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here