Delhi-based B2B online marketplace for industrial material, Industrybuying.com, has raised an undisclosed amount of funding from Murugappa and TVS Families. The investment is part of the Series B round which the company had raised in September this year.
The current round saw participation of Vellayan Subbiah, MD Chola Finance, Muthu Murugappan, Business Head Nutraceuticals – EID Parry, Arun Venkatachalam, Angel Investor; and Arathi Krishna, JMD Sundram Fasteners from TVS group.
Founded in 2013 by siblings Rahul Gupta and Swati Gupta in 2013, Industrybuying.com, is an online marketplace for selling industrial products to SMEs as well as large businesses. The company has over 15,000 registered SMEs shopping from the portal which boasts of a deep, wide, comprehensive product catalogue, quality assurance and best available prices.
Besides, the company is also a regular supplier to various large businesses who benefit from their ability to provide a wide spread of industrial products in various categories under one roof. It has an online catalogue of over 250K+ products available to buy online, used in manufacturing, construction, maintenance, services and commercial operations.
It serves to sectors such as FMCG, hospitality, manufacturing, construction companies, many large and small auto ancillaries, pharma manufacturers, services and hospitality companies, maintenance companies.