
Grainger MYMRO
Chinese e-commerce platform for industrial MRO supplies.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor investor investor investor investor | €0.0 | round | |
* | CNY200m | Series B | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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MYMRO, formerly Grainger China, is a Shanghai-based e-commerce provider of industrial Maintenance, Repair, and Operating (MRO) supplies. The company operates an online platform, mymro.cn, that functions as a one-stop shop for a wide array of industrial products. It utilizes a big data platform to manage its supply chain, aiming to enhance efficiency for its clients.
Originally the Chinese division of U.S. MRO supplier W.W. Grainger, Grainger China was divested in September 2020. The unit was purchased by its former general manager, Zhou Yanhua, in partnership with the venture capital firm Sinovation Ventures. This transition marked the company's shift from a foreign-funded entity to a Chinese-owned company, enabling a greater focus on localized products and services. Following the acquisition, the company, rebranded as MYMRO, secured Series A financing led by Sinovation and subsequently raised a Series B round led by FountainVest Partners in May 2021.
MYMRO targets the highly fragmented MRO market in China, providing procurement and supply chain management solutions to industrial clients. Its customer base includes large enterprises such as China Energy Investment Corporation, Fortune 500 firms based in China, and various multinational companies operating within the country. The company has established a logistics network with warehouses in key cities like Shanghai, Guangzhou, and Tianjin to support its operations.
Keywords: MRO procurement, industrial supplies, e-commerce, supply chain management, B2B marketplace, maintenance and repair, China industrial market, digital procurement, wholesale distribution, logistics network, inventory management, industrial products, big data platform, online procurement, Shanghai, manufacturing supplies