Moglix receives $23 million in Series C funding
Moglix, one of India’s fastest growing B2B commerce and logistics companies, on Monday said it has closed $23 million Series C funding from investors led by Accel Partners, Jungle Ventures, IFC and Innoven Capital.
Accel US & IFC lead $23M Series C funding into Moglix
The third round of funding comes about 15 months after the Singapore and Noida-based company, which also counts Accel India, Jungle Ventures, IFC and former WhatsApp senior executive Neeraj Arora among its list of backers, closed its $12million Series B funding.
Moglix Solves Supply Chain Challenges for Businesses
Over the past decade, when everybody was focusing on solving problems of end consumers, Rahul Garg, founder and CEO of Moglix, was looking to find pain points of businesses and how to resolve them. He started out with a simple statement in 2015: “How can we re-imagine B2B commerce with technology?” And he entered a segment which had not seen innovation in a long while, and that is how the B2B e-commerce startup came in to being.
Moglix fastest growing tech company: Deloitte India
Deloitte announced the 50 fastest growing technology companies in the country as part of its Technology Fast 50 India 2018 program. The cumulative revenue of the top 10 winners has jumped from Rs 18 crore in 2016 to almost Rs 500 crore in 2018, marking a growth of almost 28x, said a statement.
Bringing a radical shift by uplifting SME suppliers
In an increasingly connected world its surprising that millions of small and medium enterprises are still unable to benefit from the fruits of online commerce by getting on B2B platforms.
Should B2B marketplace look beyond SMEs
Over the past three months, B2B e-commerce marketplace Industrybuying has slashed its workforce to fewer than 300
Moglix eyes 20% of east mkt in 1 yr
Kolkata: Ratan Tata-backed B2B player Moglix has quietly forayed into eastern India, starting with Kolkata. With a planned investment of $1 million over the next 12 months at the Kolkata centre, the industrial commodities procurement firm looks to capture around 20% of the market in the east over the next year.
Moglix to expand to more towns
Moglix, the Ratan Tata-backed B2B e-commerce start-up, is looking to expand to more towns and set up warehouses to tap into the ‘growth spurt’ in online procurement of industrial products. The company plans to add five-to-seven warehouses and increase its penetration by entering at least 7-8 industrial manufacturing towns over the next 12-18 months.
UNO Minda implements Moglix vendor portal
Ratan Tata backed B2B commerce company, Moglix has said Uno Minda Group has implemented the formers vendor management portal, that will help achieve digital transformation in its procurement process. Uno Minda Group has more than 30 manufacturing plants and over 2,000 BOM suppliers across India. The adoption of the solution will help the company to do away with excessive manual effort that resulted in loss of time and information in transition.
Interview with Rahul Garg, Founder & CEO of Moglix
“Before you become a leader, success is all about growing yourself. After you become a leader, success is about growing others”