User:Kiransharmaa/sandbox
| Industry | E-commerce |
|---|---|
| Founded | 2013 |
| Founder | Rahul Gupta,Swati Gupta |
| Headquarters | Ghitorni, Delhi , India |
| Products | Power Tools, Hand Tools, Testing and Measuring Instruments |
| Website | Industrybuying.com |
Industrybuying.com is a B2B e-commerce portal for industrial supplies based in New Delhi, India. The company was founded in 2013 by the siblings Rahul Gupta and Swati Gupta. The portal sells pumps, power tools, safety equipment and various other industrial products. The company's headquarter is in Ghitorni, New Delhi. Industrybuying has transformed its identity from a mere e-commerce enterprise to a community, where sellers and consumers meet and explore the lucrative opportunities of online trading.
In 2016, Industrybuying allied with the US based industrial supply company Grainger Inc. to expand its product catalogue. [1]
In early 2017, the company started its IB Affiliate program. [2]
Funding
[edit]Industrybuying has received several rounds of funding.
- In February 2015, Industrybuying.com received US$2 Million (approximately 13.5 Crore) in its first round of funding from SAIF Partners. [3]
- In September 2015, Industrybuying secured Rs 60 Crore (US$9 Million) in Series B funding led by Kalaari Capital, with active participation from SAIF Partners and BEENEXT[4]
- As of December 21, 2015, Industrybuying received funding in round two of Seed B investment from Murugappa and TVS families.[5]
- In 2016, Industrybuying raised $1.8 million (Rs 12 Crore) in debt financing from venture-debt provider Trifecta Capital. [6]
Partnerships
[edit]- Industrybuying partnered with ePayLater to launch interest-free credit facility for its customers.[7]
- Industrybuying integrated EMI feature in partnership with Innoviti on 27th April 2016. [8]
- Also, the company teamed up with Paytm to simplify the transaction process and reduce the transaction time. [9]
Recognition
[edit]- On July 7, 2015, the company participated in Asian Machine Tools Exhibition (AMTEX) in Delhi to leverage the global platform in order to extend the reach and create brand awareness as a formidable player in B2B e-commerce. .[11]
References
[edit]- ^ Economictimes, Indiatimes. "Industrybuying.com partners Grainger to expand product catalogue".
- ^ Economictimes, Indiatimes. "Industrybuying announces first ever affiliate program in B2B e-commerce".
- ^ Economictimes, Indiatimes. "SAIF Partners to invest $2 million in industrybuying.com".
- ^ Livemint. "Industrybuying.com raises Rs 60 Crore from Kalaari Capital".
- ^ Business, Standard. "Murugappa and TVS group invests in Industrybuying".
{{cite web}}:|last=has generic name (help) - ^ Economictimes, Indiatimes. "Industrybuying gets Rs 12 crore from Trifecta Capital".
- ^ Business, Standard. "Industrybuying joins hand with EpayLater".
{{cite web}}:|last=has generic name (help) - ^ Economictimes, Indiatimes. "B2B ecomm platform Industrybuying introduces EMI features through Innoviti".
- ^ Economictimes, Indiatimes. "Paytm ties up with Industrybuying to simplify transaction process".
- ^ Youtube. "Industrybuying.com features in NDTV Prime "Unicorn-Startup chasing the dream" TV Show".
- ^ Business, Standard. "Industrybuying takes part in 'AMTEX 2016' for more businesses".
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