Moglix Business has been recognized as Most Prominent B2B Commerce Company of the Year - 2022 by Business Mint
Moglix is India’s largest and fastest-growing B2B commerce platform in the industrial & MRO procurement space with a clear first-mover advantage. The Company is building an operating system for manufacturing that provides its customers with a full-stack service covering procurement, packaging, supply chain financing, and highly integrated software. They are the pioneers of reimaging industrial distribution by bringing the ease, convenience, and speed of e-commerce to B2B commerce.
Moglix was founded in 2015 by Mr. Rahul Garg, an Ex-Google IIT-ISB alumnus, who started Moglix with a vision of transforming industrial distribution in India for the manufacturing sector with a technology-first approach. The company serves 5 million MSMEs and 1000+ global enterprises to digitize their procurement and supply chain at more than 3000 plants across Auto, Pharma, Chemical, Infrastructure, Metals & Mining, Oil & Gas, FMCG, and many more sectors.
Moglix raised USD 470 MN from VC funds and Angels across the world. With Marquee investors are - Falcon Edge Capital, Harvard Management Company, Accel, Jungle Ventures, Tiger Global, Sequoia Capital India, Ward Ferry, and Venture Highway and individual investors are Mr. Ratan Tata, Chairman Emeritus, Tata Sons, Mr. Kalyan Krishnamurthy, CEO Flipkart, Mr. Vikrampati Singhania, MD, JK Fenner, and Mr. Shailesh Rao, Ex-Google.
With over 35 locations, serving 25,000 pin codes across India and 700,000+ industrial items in 50+ categories across MRO, Packaging, and Infrastructure, Moglix serves a Supply Chain network of 18,000+ suppliers and 500,000+ SMEs and has a global presence in the USA, UK, Singapore, and the Middle East.
Moglix raised our Series E round of funding in May 2021 raising USD 120 Million from Falcon Edge Capital, Harvard Management Company, and our existing investors, Tiger Global, Sequoia Capital India, and Venture Highway. The company raised a Series F round of funding in Jan 2022 raising $250m at a $2.6 billion post-money valuation. This round was led by Tiger Global and Alpha Wave Global with Ward Ferry coming on board as a new investor.
Moglix follows a technology-first approach and is a disruptor in the digital supply chain domain. The enterprise’s technology focus enables it to keep enterprise customers, MSMEs, and suppliers at the leading edge of digital supply chain transformation. All our supply chain solutions are built from the ground up, on the cloud and scalable thereby enabling our customers and suppliers to hit the ground running.
Moglix is convinced of a robust growth trajectory greeting its journey ahead given the fact of so many positive triggers for the segment. In a geopolitical sense, it is going to be India’s decade, with the world opting for China Plus One and India further elevating its position among the top economies of the world. There is so much which will happen in the EV, renewable and semi-conductor space supported by schemes like PLI. Moglix has the potential to become a five-million SKU company with specific growth drivers like the fintech arm can well develop a loan book of Rs 10,000 crore in the next two-three years.
Currently, Moglix is a couple of years away from going for the IPO. Becoming profitable is the company’s prime target and it would like to enhance its share of our customers’ online procurement demand through massive opportunities in the manufacturing sector. And it continues to look at various means of investing in infrastructure, capacity, and technology as well as continuing to educate the market on building on something which is a unique capability of India.