MonotaRO Japan pours in $15M in JV with Industrybuying.com for growing SME Ecommerce Business in India

By VARINDIA - 2020-09-28

MonotaRO Japan pours in $15M in JV with Industrybuying.com for growing SME Ecommerce Business in India

MonotaRO Co., Japan’s largest MRO B2B Ecommerce company announced that it has decided to invest $15M in a JV with Industrybuying.com (Emtex) to grow Industrybuying’s SME Ecommerce business in India. Emtex has transferred its SME business into JV, and continues to grow its Large enterprise businesses independently.

 

Industrybuying.com now has access to MonotaRO Japan’s knowhow, product portfolio, supplier network and ecommerce expertise to develop market leadership position in India. MonotaRO, majority owned by Grainger Inc, also gives Industrybuying access to global expertise and infrastructure in the MRO Ecommerce space. MonotaRO, which has majority control on JV, gets entry into the very large, emerging and attractive India B2B ecommerce market via a well established, profitable platform.

 

MonotaRO commented that, "Through this JV, the Company expects to efficiently develop its business in the Indian market, which is expected to grow significantly in the future, by utilizing the E-Commerce business model that Emtex has already established in India (industrybuying.com) and based upon the knowledge that the Company has obtained through developing businesses in Japan and in other countries around the world."

 

Industrybuying management commented that "MonotaRO's deep ecommerce expertise and catalog of over 10m products can propel India business to a highly profitable, IPOable growth trajectory in a very short time. So, we are excited to be partnering with them in this phase of our growth. Parallely, we continue to grow our large enterprise and other businesses independently and profitably."

 

MonotaRO Co. stock price was up 9% since Sep 23 2020.


 CIO  - SPEAK
Start-Up and Unicorn Ecosystem
 SOFTWARE  Placeholder image
Virescent Infrastructure collaborates with IBM and SAP to start its hybrid cloud journey

Virescent Infrastructure collaborates with IBM and SAP to start its hybrid cloud journey

IBM announced that Virescent Infrastructure, a renewable energy platform backed by leading...

Aeris Communications announces Enterprise Voice Solution - Claerityai

Aeris Communications announces Enterprise Voice Solution - Claerityai

Aeris Communications has launched the Enterprise Voice Solution – Claerityai –...

Rezo.ai enables logistics companies with AI-powered contact centers

Rezo.ai enables logistics companies with AI-powered contact centers

Rezo.ai is enabling some of the logistics companies to create a smart workforce and reduce...

VARINDIA SIITF
SOUTHERN INDIA INFORMATION TECHNOLOGY FAIR (SIITF) -2018
BANGALURU
VARIndia - Star Nite Awards
STAR NITE AWARDS(SNA) - 2018
NEW DELHI
VARINDIA - OITF
ODISHA INFORMATION TECHNOLOGY FAIR(OITF)-2019
BHUBANESWAR
VARINDIA - WIITF
WESTERN INDIA INFORMATION TECHNOLOGY FAIR(WIITF) - 2019
MUMBAI
 INDUSTRY EVENTS Placeholder image
Zoom is coming with Innovations to Ignite the Next Era of Communications

Zoom is coming with Innovations to Ignite the Next Era of Communications

Zoom has kicked off Zoomtopia 2021, unveiling plans for innovations across its platform de...

Trescon's World Cloud Show Comes Back to India for the 3rd Time with its 10th Global Edition

Trescon's World Cloud Show Comes Back to India for the 3rd Time with its 10th Global Edition

Taking place on 15 September 2021, the event will virtually convene India' leading Clo...

VIA unveils VIA Mobile360 Heavy Equipment Safety System at MINEXPO® 2021

VIA unveils VIA Mobile360 Heavy Equipment Safety System at MINEXPO® 2021

VIA Technologies, Inc. today announced that it will unveil its new VIA Mobile360 Heavy Equ...

19th Infotech Forum highlights that the pandemic fast-tracked Digital Transformation escalating importance of data and security

19th Infotech Forum highlights that the pandemic fast-tracked Digital Transformation escalating importance of data and security

Digital technology has transformed nearly every aspect of life, starting from travel, work...


Copyright varindia.com @1999-2021 - All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission of Kalinga Digital Media Pvt. Ltd. is prohibited.
Other Initiatives : www.mybrandbook.co.in | www.spoindia.org

advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription