Type Private Website industrybuying.com/ Headquarters Delhi Founders Swati Gupta, Rahul Gupta | Industry Internet Founded 2013 Motto E- Commerce For Business | |
 | ||
Services E-commerce
(Online shopping) | ||
IndustryBuying is an Indian E-commerce marketplace for industrial goods and supplies headquartered in New Delhi. IndustryBuying caters to the steadily rising B2B segment of Indian industrial E-commerce Sector. It has over 1.5 million (15 Lakh) products listed on its website and hosts over 3500 plus brands in over 45 categories and 5000 plus suppliers.
Contents
Industrybuying flash mob
History
IndustryBuying was founded in 2013 by the brother-sister duo of Rahul and Swati Gupta. It all began when Rahul, an IIT Delhi and Columbia University alumnus moved to India and left his lucrative Wall Street job after spotting tremendous opportunity in India’s vastly untapped B2B segment. To fulfil his pursuit he joined his sister Swati, a DCE and Carnegie Mellon University alumnus who has over 14 years of private equity advisory & management consulting experience to bolster IndustryBuying’s operations. Industry Buying allows various kinds of payment methods on its portal such as cash on delivery, debit & credit card transactions, wallet, Cheque NEFTand net banking.In Jan 2016 IndustryBuying.com announced its partnership with Grainger to expand its product catalog.
Funding
IndustryBuying snapped up US$2 million or approximately 13.5 crores in its first round of funding from SAIF Partners in February 2015. Then, in September 2015, IndustryBuying secured Rs 60 Crores (US$9 Million) in Series B fundingled by Kalaari Capital, with active participation from SAIF Partners and BEENEXT. So far IndustryBuying has accrued a total of US$11 Million worth of funding in 2 rounds from 3 investors. As of December 21, 2015 Industry buying snapped up undisclosed funding in round two of Seed B investment from Murugappa and TVS families. As of January 2016, IndustryBuying raised Rs.12 Crore in funding from venture debt provider, Trifecta Capital.
Overview
IndustryBuying maintains a one-stop shop model with zero inventory and has seen good traction already on its portal with orders doubling on a month-over-month basis. The company is omnipresent in both online and offline markets and its current customers include Havells, RPG, Honeywell, Tata Power among others. IndustryBuying is well poised and on the verge of being a major stakeholder in the burgeoning $500 billion industrial e-commerce market in India that is still in its nascent stages.
The space is heating up and there are many players in this space now that includes Tolexo, Moglix and more recently Amazon is entering into the same categories.