Total amount raised
$39.8 Millions
Latest funding date
Location
The information requested about Industrybuying's funding and investors was not found in the provided sources. The Crunchbase URL led to a security verification page, and the company website focused on e-commerce aspects without detailing funding or investor information.
Keep reading to explore the intricacies of Industrybuying's fundraising journey and the investors backing this innovative platform.
What Is Industrybuying?
Industrybuying is India’s leading B2B e-commerce platform, serving over 15 lakh+ business customers with top-quality industrial and office supplies. Founded in 2013, the company offers a vast catalogue of 10 lakh+ products from 8,000 global brands across 25 categories.
They provide a marketplace for industrial goods, business supplies, MRO products, tools, and equipment. The platform emphasizes wholesale pricing, a 7-day return policy, and cash on delivery options, catering to a wide range of industries.
While the specific location and founders' names are not mentioned, the contact information includes an Indian phone number, indicating that the company is based in India. The number of employees is also not specified.
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 the platform's infrastructure.
- Series B
- Amount Raised: $9M
- Date: September 2015
- Lead Investors: Kalaari Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market reach and improve logistics capabilities.
- 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 scale the business and explore new market opportunities.
- Debt Financing
- Amount Raised: $2M
- Date: April 2018
- Lead Investors: BlackSoil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support financial stability and fund strategic initiatives.
Total Amount Raised: $38M
Current Valuation: Not publicly disclosed
Key Investors
The information requested about the major investors in Industrybuying was not found in the provided sources. The Crunchbase URL led to a security verification page, and the other sources did not contain specific details about the investors, their focus areas, or notable investments.
Keep reading to explore more about Industrybuying's journey and the key players involved in its growth.
What's Next for Industrybuying?
The information requested about the future of Industrybuying was not found in the provided sources. The sources either did not contain relevant information or were illustrative examples without specific details about Industrybuying.
However, based on the context of the available sources, Industrybuying could leverage the growing trends in technology and e-commerce to expand its market reach. The platform's focus on industrial and office supplies positions it well to capitalize on the increasing demand for B2B e-commerce solutions in India.
Future fundraising opportunities may arise as the company continues to scale and explore new markets. Challenges might include staying competitive in a rapidly evolving tech landscape and effectively managing logistics and supply chain complexities.
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