{"id":26018,"date":"2022-02-24T22:31:51","date_gmt":"2022-02-24T17:01:51","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-indiamart-ib-monotaro\/"},"modified":"2022-02-24T22:31:51","modified_gmt":"2022-02-24T17:01:51","slug":"biz-indiamart-ib-monotaro","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-indiamart-ib-monotaro\/","title":{"rendered":"Committed to further financing IB MonotaRO for growth when required: IndiaMART founder"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2743179394\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 24 (PTI) IndiaMART, along with MonotaRO, is committed to further financing IB MonotaRO for growth when required, a top official of B2B e-commerce firm IndiaMART said on Thursday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4223002540\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> IndiaMART has acquired a 26 per cent stake in IB MonotaRO Private Limited (IMPL), which operates the &#8216;Industry Buying&#8217; brand, for Rs 104.2 crore.<\/p>\n<p> &#8220;Currently, IMPL has Rs 80 crore cash available on its balance sheet, which came from the last round of financing by MonotaRO. We believe that the company is well capitalised for the next couple of years.<\/p>\n<p> &#8220;However, IndiaMART and MonotaRO are committed for future rounds of financing for the growth of IB MonotaRO as and when required,&#8221; IndiaMART founder and MD Dinesh Agarwal said.<\/p><div class=\"trade-content_5\" id=\"trade-3644265168\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Pursuant to this transaction, Japan-based MonotaRO will hold a 51.6 per cent stake in IB MonotaRO; while Emtex Engineering, representing the promoter group and early investors, will hold a 22.4 per cent stake in the company. PTI PRS  HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-3909178025\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 24 (PTI) IndiaMART, along with MonotaRO, is committed to further financing IB MonotaRO for growth when required, a top official of B2B e-commerce firm IndiaMART said on Thursday. IndiaMART has acquired a 26 per cent stake in IB MonotaRO Private Limited (IMPL), which operates the &#8216;Industry Buying&#8217; brand, for Rs 104.2 crore. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-26018","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Committed to further financing IB MonotaRO for growth when required: IndiaMART founder - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-indiamart-ib-monotaro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Committed to further financing IB MonotaRO for growth when required: IndiaMART founder\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 24 (PTI) IndiaMART, along with MonotaRO, is committed to further financing IB MonotaRO for growth when required, a top official of B2B e-commerce firm IndiaMART said on Thursday. 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