IndiaMart, a B2B marketplace of India, has acquired 26% share capital of IB Monotaro Private Limited. The company acquired 8.1 lakh shares from Emtex Engineering Private Limited for a total consideration of INR 104.2 Cr. Pursuant to this transaction, MonotaRO Co. Ltd. (Japan) will hold 51.6% stake, IndiaMart will hold 26% stake and Emtex Engineering…
MonotaRO Co Ltd, Japan’s largest MRO B2B ecommerce company, announced it has invested $15 million in a joint venture with Emtex Engineering to grow the latter’s SME ecommerce business in India. Emtex Engineering operates Industrybuying.com. Industrybuying.com, a leading Business e-commerce platform, sells a wide range of business and industrial products to SMEs as well as…