VIPMRO.com finishes Series B+ round
VIPMRO.com, an SIP-based e-commerce operator that provides MRO purchasing services for clients in need of industrial products, announced on May 8 that it had raised RMB 200 million in Series B+ fundraising. JD.com, one of the country's largest B2C online retailers, and Bull Capital Partners led the round.
MRO (Maintenance, Repair and Operations) purchasing includes all purchases necessary to keep a business up and running. The company's services are aimed at helping the clients cut costs and pursue higher procurement efficiency through one-stop supply solutions.
According to Yan Zhang, founder of VIPMRO.com, part of the fund will be used to reinforce the company's supply chain for higher inventory capacity and faster user response, while the rest will be invested in data processing and research to optimize user experiences.
May 9, 2018