Total amount raised
$38 Million
Latest funding date
4/1/2018
Location
Industrybuying has successfully raised significant funding over multiple rounds, establishing itself as a key player in the B2B e-commerce sector. The platform offers a comprehensive range of industrial goods, business supplies, and MRO products, catering to a vast customer base.
What Is Industrybuying?
Industrybuying, founded in 2013, is a leading B2B e-commerce platform in India. The company specializes in industrial goods and business supplies, offering a vast catalog of over 10 lakh products from 8,000 global brands across 25 categories.
Serving more than 15 lakh business customers, Industrybuying ensures a reliable and efficient shopping experience with benefits like GST invoice benefits, bulk order discounts, free delivery, IB Credit, No Cost EMI, and quality assurance.
How Much Funding Has Industrybuying Raised?
- Seed Round
- Amount Raised: $2M
- Date: February 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and establish a foothold in the B2B e-commerce market.
- Series A
- Amount Raised: $15M
- Date: May 2015
- Lead Investors: Elevation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series B
- Amount Raised: $9M
- Date: September 2015
- Lead Investors: Kalaari Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological infrastructure and improve customer experience.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
- Debt Financing
- Amount Raised: ₹120M
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage working capital and fund short-term operational expenses.
- Series C
- Amount Raised: $10M
- Date: February 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and enhance product offerings.
- Debt Financing
- Amount Raised: $2M
- Date: April 2018
- Lead Investors: BlackSoil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational liquidity and fund strategic initiatives.
Total Amount Raised: $38M. The December 2015 venture round has no disclosed amount and the ₹120M January 2016 debt round is stated in rupees, so neither is included.
Current Valuation: Not publicly disclosed
Key Investors
Industrybuying's investors beyond the named leads in each round above have not been publicly disclosed.
What's Next for Industrybuying?
Industrybuying stands at the cusp of significant growth opportunities, driven by the increasing digitization of the B2B sector. The platform's extensive catalog and robust customer base position it well to capitalize on the expanding market for industrial goods and business supplies. As businesses continue to seek efficient procurement solutions, Industrybuying's comprehensive offerings and customer-centric services are likely to attract more clients, enhancing its market presence.
Future fundraising efforts could be bolstered by these growth prospects. With the potential to scale operations and expand product lines, Industrybuying may attract substantial investment to fuel its next phase of development. However, the company must navigate challenges such as intense competition and the need for continuous technological innovation to maintain its competitive edge.
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