Moglix Forays into the Energy Sector with DRG Industries' Next-Gen Bitumen Facility

Moglix, one of Asia’s largest B2B e-commerce and supply chain technology companies, has announced the inauguration of its greenfield bitumen processing facility under DRG Industries, the manufacturing arm of Moglix. Located in Kosi Kalan, Mathura, the facility is set to commence commercial production in July 2025. This marks a strategic step in Moglix’s commitment to powering India’s infrastructure transformation with future-ready, sustainable materials.

India’s vision of Viksit Bharat hinges on developing infrastructure that is not only expansive but also durable, safe, and sustainable. With the world’s second-largest road network, the next frontier for India lies in enhancing road quality and longevity—while simultaneously addressing environmental impact and safety.

Road safety remains a national priority. As the country targets a significant reduction in road-related incidents by 2030, materials that deliver long-term surface integrity and reduce deterioration risks are essential. Moglix’s entry into bitumen manufacturing is anchored in this vision of building safer, smarter roads.

Through DRG Industries, Moglix will produce a new generation of value-added, high-performance bitumen products—including polymer-modified bitumen, microsurfacing-grade emulsions, and hard binders. These solutions are engineered to extend road life, minimize maintenance cycles, and reduce total carbon footprint.

One of the facility’s key offerings—microsurfacing—is globally recognized for sealing surface cracks, improving road friction, and increasing durability. When compared to traditional resurfacing, microsurfacing can double pavement life while reducing carbon emissions by up to 44%.

To further localize innovation, Moglix is investing in indigenous R&D to develop bitumen solutions tailored to India’s diverse terrain, traffic patterns, and climate zones.

Rahul Garg, Founder & CEO, Moglix, said "Our roads are the veins of Viksit Bharat. Building them stronger and smarter requires materials that are not only durable but sustainable. DRG Industries is our commitment to building roads that last longer, perform better, and serve more—with responsibility at the core."

Spread across 3.5 acres, the DRG Industries facility integrates advanced Denimotech mills, fully automated processing lines, and a dedicated in-house R&D center. With an installed monthly processing capacity of over 28,000 MT, the facility positions Moglix as a key player in India’s evolving bitumen ecosystem.

The facility uses biomass-fueled, carbon-neutral high-efficiency boilers equipped with scrubber systems and filter bags, making the heating process significantly more sustainable and aligned with Moglix’s ESG roadmap.

Strategically located to serve northern and central India, the plant will support infrastructure projects across Uttar Pradesh, NCR, Bihar, Rajasthan, Punjab, Haryana, Himachal Pradesh, Uttarakhand, Jammu & Kashmir, and also cater to export markets such as Nepal.

In addition to bolstering India’s infrastructure ambitions, the facility is expected to generate local employment and strengthen the regional SME ecosystem through vendor and contractor partnerships.

As a greenfield project, DRG Industries exemplifies Moglix’s capability to design, develop, and operationalize industrial infrastructure that is scalable, sustainable, and aligned with national priorities. The company plans to expand its bitumen manufacturing footprint across India.

Moglix is one of Asia’s leading B2B commerce companies, transforming how manufacturing and infrastructure businesses manage procurement and supply chain operations. With a digital-first approach, Moglix provides integrated solutions across sourcing, financing, logistics, and technology to enable greater efficiency and cost optimization.

Founded in 2015, Moglix serves over 1,000 large enterprises and 3,000+ factories across sectors such as automotive, energy, metals, chemicals, and infrastructure. The company has built a strong ecosystem of suppliers and logistics partners, streamlining procurement across 50+ industrial categories.

Moglix Introduces Biofuels as New Category on Its B2B E-Commerce Platform

Moglix, one of Asia’s leading B2B e-commerce companies, is introducing biofuels as a new category to accelerate India’s clean energy goals. The fragmented and decentralized market for solid biofuels—including briquettes, pellets, biochar, and bio-coal—has posed challenges for industries in terms of availability, quality, and supply chain efficiency. Moglix aims to address these gaps by creating a structured, full-stack solution that ensures consistent fuel quality, reliable procurement, and seamless access for enterprises while empowering rural communities and driving industrial adoption of cleaner fuels.

Moglix will utilize their platform to simplify biofuel procurement across India. It will provide industries with access to a variety of biomass briquettes and pellets with year-round availability, on-time delivery, and consistent quality—solving a major pain point for enterprises. The focus is on ensuring high-quality fuel from best-in-class manufacturing facilities governed by proprietary SOPs, enabling seamless procurement through an integrated logistics platform with full tracking and transparency, securing long-term rate contracts to ensure uninterrupted supply. And strengthening the biomass sourcing ecosystem by engaging directly with farmers to enhance rural incomes through structured trade of agro-waste.

Biofuels, derived from biomass, offer a viable alternative to fossil fuels. While the government has outlined a clear sustainability mandate, industry-wide adoption remains a challenge. Moglix aims to bridge this gap by not only aligning with national clean energy goals but also actively educating stakeholders on the benefits of transitioning to biofuels, fostering industry collaborations, and enabling structured solutions to drive large-scale adoption of sustainable energy sources.

Rahul Garg, Founder and CEO of Moglix, stated, 

India’s energy transition needs scalable and reliable alternatives, and the biofuels sector holds immense potential. However, its fragmented structure has slowed progress. Moglix plans to build an organized, transparent ecosystem that enables industries to make a seamless shift to sustainable fuels.

Moglix’s initiative aims to help industries transition to cleaner fuels, generate employment in the renewable energy sector, support policy development through industry-led case studies, and invest in biomass densification technology to enhance fuel efficiency and cost-effectiveness, ensuring biofuels become a mainstream energy source for industrial consumers.

About Moglix

Moglix is a leading B2B commerce company helping manufacturing and infrastructure businesses optimize procurement and distribution. With a digital-first approach and a strong supplier and logistics network, Moglix serves over 1,000 large manufacturers and 3,000+ factories, enabling operational efficiencies across India.

Moglix Raises $60 Mn in Funding led by Tiger Global and Sequoia Capital

Noida-based Moglix, a business-to-business (B2B) industrial goods marketplace, has raised $60 million (about ₹412 crore) in its latest equity financing round led by Tiger Global Management and Sequoia Capital, The Economic Times reported.

Hong Kong-based Composite Capital also came on board as a new investor, marking its second investment in India after investing in ClearTax in last October.

Post this funding, Moglix now values the company at about $200 -300 million, said the report. The startup has raised about $100 million in funding across rounds.

Recently backed by Flipkart chief executive officer (CEO) Kalyan Krishnamurthy in March, Moglix will will primarily use the funds raised in ramping up its infrastructure. Moglix is currently present in 14 locations, and plans to be in 22-25 industrial hubs.

Moglix also counts Accel Partners India and US, International Finance Corp, the investment arm of the World Bank, former WhatsApp senior executive Neeraj Arora, and Ratan Tata among its list of investors.

Indian e-commerce market is expected to reach $120 billion by 2020, growing at an annual rate of 50% and globally, the B2B e-commerce almost doubling in size vis-à-vis the B2C e-commerce market and India is no exception to this.

To recall, in March this year an another B2B e-commerce marketplace Zetwerk had raised $9 million (~₹64 crore) in a Series A round of funding from Accel Partners

Flipkart CEO Krishnamurthy Invests in B2B E-Commerce Firm Moglix

In his first solo personal investment, Flipkart chief executive officer (CEO) Kalyan Krishnamurthy has invested an undisclosed amount in Noida-based Moglix, a business-to-business (B2B) industrial goods marketplace backed by Ratan Tata and World Bank's IFC.

With this investment, Krishnamurthy joins Moglix’s individual investors that includes Jeff Epstein, former chief financial officer at Oracle, and Vikrampati Singhania and Shailesh Rao, ex-vice presidents at Twitter and Google, respectively, among others.

“I am happy to join the Moglix team as an investor in my personal capacity. Moglix, under Rahul’s leadership, has charted impressive growth in the B2B commerce space and is creating meaningful impact on the manufacturing industry through innovative use of technology. It is gratifying to be able to support this home-grown industrial B2B leader at this important juncture,” Krishnamurthy said in a statement.

It is not immediately clear whether Krishnamurthy will take an advisory role at Moglix or if the deal is a precursor to a potential business alliance between Moglix and Flipkart, India’s largest business-to-consumer e-commerce firm.

Started in 2015 by a former Google executive Rahul Garg with an aim of bringing in revolutionary and exciting solutions to the global e-commerce, Moglix.com is an online platform and a one stop shop for almost all the need of Industrial Tools (Power Tools, Hand Tools, Adhesives, Safety & Security and Electricals).

Rahul Garg, Founder and CEO, Moglix said, “It’s great to have Kalyan back us as an investor and join an illustrious list of global investors who have believed in Moglix’s potential. Kalyan has played an important role in shaping e-commerce in India and his experience in scaling businesses will serve as a guiding light for us as we execute on our vision to transform B2B commerce and the Indian manufacturing sector using technology and innovation.”

Moglix, which competes with Tolexo and Industrybuying,  has raised a total of $39.2 million in funding over six rounds, according to the data by Crunchbase.

Indian e-commerce market is expected to reach $120 billion by 2020, growing at an annual rate of 50% and globally, the B2B e-commerce almost doubling in size vis-à-vis the B2C e-commerce market and India is no exception to this. As the country is backed up by huge investments from global players, India is expected to be the next battle ground in the domain.

Former Oracle CFO Jeff Epstein Joins Moglix's Board of Advisors

Moglix, a leading Asia based marketplace player that is helping organisations transform Commerce and Supply Chain with Technology, has roped in Jeff Epstein, Operating Partner at Bessemer Venture Partners and former CFO of Oracle, to its Board of Advisors. Epstein, who is based out of Bessemer’s Menlo Park office in the US and leads the Venture’s CFO Advisory Board, specializes in marketplaces, B2B SAAS and advertising technology companies.

While Moglix continues to grow, having built strong global SAAS technology and working with SAP as a partner, the association with Epstein will help Moglix strengthen ties with Oracle and bring finesse to the Moglix Digital Supply Chain Global offerings.

To further the global supply chain technology ambition, Moglix’s Board of Advisors has Manufacturing and Technology stalwarts like Tata Group Chairman Emeritus Ratan Tata, who since inception has backed Moglix as his maiden investment in B2B e-commerce domain, and Sailesh Rao, Ex-VP, Twitter, Ex- Google, who works with Moglix on product advisory.

Jeff Epstein with his more than 25 years of experience in senior financial and management positions at leading enterprises like DoubleClick (acquired by Google), King World Productions (acquired by CBS) and Nielsen’s Media Measurement and Information Group, has helped enterprises with product strategy and marketing efforts. Jeff's expertise in global operations and finance will help Moglix in Global outreach.

Commenting on the appointment, Rahul Garg, Founder & CEO, Moglix, said, “It is our privilege to have Jeff on board, his expertise in B2B marketplaces and enterprise SaaS is second to none. Having advised a number of technology companies, Jeff understands the need of cutting-edge technology in achieving operational excellence, compliance and governance. Jeff is an extremely valuable addition to our Board of Advisors and with his guidance our dream of disrupting the manufacturing space through innovative technology seems even more close to being achieved.” He further added, “Moglix has been a part of the SAP Startup Studio since 2016, and with Jeff coming onboard, we will look at building innovation on top of SAP and Oracle.”

Jeff Epstein is excited to be associated with the company that is aiding a digital revolution in India’s manufacturing sector. “Much is happening in the digital landscape of India and the market, if tapped correctly, has exponential growth prospects. Moglix seems to have caught with the pulse of time having stepped into the next growth phase with the launch of GreenGST, aligning their offerings to demands of digital technology in manufacturing, and collective move towards ease of doing business. I am tremendously happy to be a part of the team and look forward to helping them grow,” Jeff said.

The announcement comes shortly after Moglix’s Series B round of funding of $12 million from International Finance Corporation (IFC), a member of the World Bank Group, Rocketship vc., and existing investors Accel Partners, Jungle Ventures and Venture Highway, indicative of the company’s value proposition a winner in the ecosystem. The funds are being utilised to support technology solutions in supply chain and manufactruing, infrastructure growth and expansion plans.

Former Oracle CFO Jeff Epstein Joins Moglix's Board of Advisors

Moglix, a leading Asia based marketplace player that is helping organisations transform Commerce and Supply Chain with Technology, has roped in Jeff Epstein, Operating Partner at Bessemer Venture Partners and former CFO of Oracle, to its Board of Advisors. Epstein, who is based out of Bessemer’s Menlo Park office in the US and leads the Venture’s CFO Advisory Board, specializes in marketplaces, B2B SAAS and advertising technology companies.

While Moglix continues to grow, having built strong global SAAS technology and working with SAP as a partner, the association with Epstein will help Moglix strengthen ties with Oracle and bring finesse to the Moglix Digital Supply Chain Global offerings.

To further the global supply chain technology ambition, Moglix’s Board of Advisors has Manufacturing and Technology stalwarts like Tata Group Chairman Emeritus Ratan Tata, who since inception has backed Moglix as his maiden investment in B2B e-commerce domain, and Sailesh Rao, Ex-VP, Twitter, Ex- Google, who works with Moglix on product advisory.

Jeff Epstein with his more than 25 years of experience in senior financial and management positions at leading enterprises like DoubleClick (acquired by Google), King World Productions (acquired by CBS) and Nielsen’s Media Measurement and Information Group, has helped enterprises with product strategy and marketing efforts. Jeff's expertise in global operations and finance will help Moglix in Global outreach.

Commenting on the appointment, Rahul Garg, Founder & CEO, Moglix, said, “It is our privilege to have Jeff on board, his expertise in B2B marketplaces and enterprise SaaS is second to none. Having advised a number of technology companies, Jeff understands the need of cutting-edge technology in achieving operational excellence, compliance and governance. Jeff is an extremely valuable addition to our Board of Advisors and with his guidance our dream of disrupting the manufacturing space through innovative technology seems even more close to being achieved.” He further added, “Moglix has been a part of the SAP Startup Studio since 2016, and with Jeff coming onboard, we will look at building innovation on top of SAP and Oracle.”

Jeff Epstein is excited to be associated with the company that is aiding a digital revolution in India’s manufacturing sector. “Much is happening in the digital landscape of India and the market, if tapped correctly, has exponential growth prospects. Moglix seems to have caught with the pulse of time having stepped into the next growth phase with the launch of GreenGST, aligning their offerings to demands of digital technology in manufacturing, and collective move towards ease of doing business. I am tremendously happy to be a part of the team and look forward to helping them grow,” Jeff said.

The announcement comes shortly after Moglix’s Series B round of funding of $12 million from International Finance Corporation (IFC), a member of the World Bank Group, Rocketship vc., and existing investors Accel Partners, Jungle Ventures and Venture Highway, indicative of the company’s value proposition a winner in the ecosystem. The funds are being utilised to support technology solutions in supply chain and manufactruing, infrastructure growth and expansion plans.

Moglix Raises $12 Mn In Series B funding From IFC, Rocketship, Others

B2B e-commerce startup, Moglix has announced closing of Series B round of funding at $12 million. The round saw participation from International Finance Corporation (IFC), a member of the World Bank Group and Rocketship.vc, along with Moglix’s existing investors Accel Partners, Jungle Ventures, Shailesh Rao, ex-VP Twitter and Google and Venture Highway advised by Neeraj Arora of Whatsapp.

Moglix is also backed by Tata Sons’ Chairman Emeritus Ratan Tata since its inception, as his maiden investment in B2B e-commerce domain.

The company plans to use funds to support the strong demand for Moglix’s robust technology solution in supply chain and manufacturing domain, infrastructure growth and geographical expansion plans.

Manufacturing sector in India is the least digitised industry compared to other sectors in India. Today, barely 2-3% of manufacturing units are using digital platforms in their supply chain management. With this investment, Moglix is looking to propel digital revolution of India’s manufacturing sector with its integrated digital supply chain solution and aiming to launch in 3 more cities in India apart from its current presence in Delhi NCR, Pune and Chennai.

Commenting on the development, Pravan Malhotra, Head Asia Internet Investments, IFC, said, "Moglix’s client satisfaction, innovation, strength of management and expansion are redefining the B2B e-commerce market. We are excited to partner with the company as they embark on the path of rapid growth and success.”

Founded in 2015 by Rahul Garg who was previously the Head of Advertising Exchange at Google Asia, Moglix is led by a group of young and motivated individuals passionate about shaping the manufacturing/ B2B commerce landscape in India.

Moglix that is specializes in B2B procurement of industrial products such as MRO, Fasteners, Electrical, Hardware, Pneumatics, Safety items and more, aims to be the largest technology platform where demand and supply can be matched through price discovery and product availability.

Moglix’s solutions cater to more than one lakh small and medium-sized enterprises (SMEs), and over 200+ large manufacturing houses in India. Moglix currently has more than two lakh stock keeping units (SKUs) listed on its platform and serves some of the largest auto, electrical and public sector undertakings (PSUs) in the country including Lumax, IndiaForge, Havells etc.

“The raise will accelerate our infrastructure build-up to better serve our customers, and enhance our product offerings as the manufacturing and supply chain industry heralds towards digitization.According to a recent industry report, the global B2B e-commerce market is estimated to reach $7 trillion by 2020, as it’s twice as big as B2C market. We are making strides to harness the potential of the market in India and other Asian countries,” said Rahul Garg, Founder & CEO, Moglix.

The company specializes in digital procurement of industrial MRO items and aims to utilise the funds to expand geographically across multiple industrial hubs in India. With the recent reforms of GST implementation and move towards a cashless economy, Moglix is well-poised to cater to more customers in the days to come.

Recently, Moglix also launched GreenGST, a unique solution for the manufacturing sector that will make the entire customer ecosystem GST compliant and future-ready, marking another milestone towards its commitment to the space.

Moglix had previously raised Seed and Series A funding of $6 million from venture capital firms like Accel Partners, Jungle Ventures, SeedPlus and Venture Highway. With this current round, the total amount of fund raised by Moglix stands at $18 million. The announcement is significant since the investment has been raised at a time when there is heightened uncertainty and deteriorating business confidence overshadowing the startup ecosystem.

Moglix To Empower $300 Bn Manufacturing Unit In India; Launches Green GST

Manufacturing sector is the least digitized compared to other sectors in India. Today, only 20% of manufacturing units are using digital in their supply chain management. With GST on the anvil, this number is expected to go up, as it will be mandatory for businesses of all sizes to file their indirect taxes online as per the new tax regime.

In making manufacturing units GST complaint, Green GST is also tackling the challenge of making vendors – mostly small manufacturers and traders – ready for the new regime.

Recently, B2B e-commerce marketplace, Moglix has launched ‘Green GST’ - a SAAS-based GST application solution for manufacturing units across India. Aimed at improving transparency and digitization in the manufacturing space, the tool will provide organisations with end-to-end Goods and Services Tax (GST) compliance support. The Green GST solution will be offered free of cost for a 30 day trial period to a user or companies with turnover below $4 million. Post the trial, if the user is willing to continue, they will have to bear a subsidized costs related to GST Suvidha Provider (GSP) transaction. The cost will be valid for up to 2400 invoices a year for a single user. The solution has been developed to make supply chains of manufacturing units GST complaint ahead of the law implementation on July 1st, 2017.

Commenting on the development, Rahul Garg, Founder and CEO, Moglix said, “Moglix’s Green GST is aligned with the government’s One Country, One Tax vision. Our solution will help India’s manufacturing units become fully GST compliant within their supply chain, in an effective and efficient manner. Through this solution, Moglix hopes to make its contribution to making India future-ready, and also help promote a clean, green and transparent business environment."

Green GST leverages Moglix’s expertise in digitizing supply chains, especially those of manufacturing units. It is a feature-rich solution for filing of GST, reconciliation of invoices, maintaining dashboards for multiple plants and warehouses, and managing taxes for various locations and cross-border trading.  Moglix will extend its existing commerce eco-system to consolidate small vendors, and create a compliant atmosphere for manufacturing units to operate in. This comes on the back of Moglix’s GST filing solution introduced in December 2016 to allow mid-to-large-sized manufacturing companies file and reconcile their GST payments with the Goods and Services Tax Network (GSTN).

“In these interesting times, Moglix stands at a unique confluence of expertise in technology and the manufacturing supply chain. We are excited about the tremendous opportunity for our customers to enhance their business footprint using our technology and analytics capabilities,” said Garg.

Founded in August 2015 by Rahul Garg who was previously the Head of Advertising Exchange at Google Asia,  Moglix is an B2B e-commerce marketplace that specializes in B2B procurement of industrial products such as MRO, fasteners, electrical, hardware, pneumatics, safety items and more. Startup has raised Series A and Seed funding of Rs38 Cr from venture capital firms like Accel Partners, Jungle Ventures, SeedPlus and Venture Highway. The company is backed by Ratan Tata, Chairman Emeritus, Tata Sons as an investor. Recently, SAP Labs identified Moglix as its startup tech partner for shaping B2B commerce in India.

B2B Commerce Company Moglix Launches GST Technology for the Manufacturing Sector

Leading B2B commerce startup Moglix, today announced the launch of its GST (Good and Services Tax) technology for the manufacturing sector. In its endeavor to boost the manufacturing sector, Moglix aims to empower SME to large suppliers and buyers through its GST technology (business.moglix.com) to file indirect taxes seamlessly, while maintaining a close vigil on the 100% reconcilability of the entire value chain. Recently, Moglix partnered with a couple of GSP applicants to demonstrate its GST technology to the GSTN (Goods and Services Tax Network) panel for taxpayers and businesses to achieve 100% compliance.

Moglix has been working with 200+ large enterprises and 40,000+ SMEs on their supply chain and B2B commerce, powering them with its integrated digital supply chain technology. Its technology is uniquely placed to gear them up for the GST compliance challenge looming large from the next financial year. With an increased focus of GOI on indirect tax collection and leakage, this is going to be an “adapt or perish” choice for everyone in the ecosystem.

“Taxation and compliance has been a long-standing pain point in the ecosystem where easy and simple technology will help Indian industry scale up significantly, to compete in the global arena”, said Rahul Garg, Founder and CEO, Moglix.

GST, labelled as one of the foremost indirect tax reforms in the country since Independence, has inched one step closer to becoming a reality from 1st Apr’17. While the mechanism of implementation is still being fine-tuned, there is an equivocal agreement on its positive ramification across the board, especially in the manufacturing sector. Indian manufacturing is a large sector ($300B) accounting for 17% of the country’s GDP and is a very complex domain from an indirect taxation perspective. Today, the sector is plagued with myriads of taxations like SVAT, CST, Excise, CENVAT etc., and GST is going to be a welcome change with significant improvement on ease of doing business.

Rahul added, “We believe that GST shall fundamentally redefine the B2B commerce in the country, which in the past has been plagued by the multitude of state and central compliances. Moglix aims to enable a large section of manufacturing sector to smoothly migrate to the new regime. We dream of supply chain where we will achieve 100% reconciliation of goods, services, Information, payments and taxation, with highest standards of quality, cost and delivery”.

GST shall impact manufacturers in multiple ways; first and foremost, it creates a single/central technology infrastructure for indirect taxation for manufacturers. Second, it enables a 100% reconciliation of the tax flow across the entire value chain in a time bound manner. Third, the tax ERP of every organization will now be maintained centrally inside the GSTN system. These changes shall enable India to get rid of tax leakages in any shape or form in the future and give rise to a true white-economy.

Mr. Atul Jain, VP Procurement, Lumax Group (which has INR 2,500+ CR in revenues) said, “Dealing with thousands of vendors, their invoices, payments, logistics used to be a challenge for us as it called for significant management bandwidth. We started using business.moglix a few months back and it has turned out to be a fresh change for procurement, logistics, finance and IT managers to address all these issues. To our delight, the platform also takes care of GST compliance for our buyers/suppliers which is going to be a massive exercise for enterprises running in offline mode”.

Moglix Raises Rs 28 Cr in Series A Funding from Accel Partners, Jungle Ventures and SeedPlus

Moglix, leading B2B e-commerce company specializing in procurement of industrial products, today announced that it has raised INR 28 crores in Series A round of funding led by Accel Partners with participation from Jungle Ventures and SeedPlus. Founded in August 2015, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe. Moglix has raised Pre-Series A funding from Accel Partners and Jungle Ventures in October 2015 and an undisclosed financial investment in the company by Mr. Ratan Tata in February 2016.

Moglix caters to over 20,000+ SME buyers and 100+ large manufacturing houses through their platform. The funds will be deployed to expand operational footprint across major industrial hubs, increase the SME customer base by 5X to 100K+ and large manufacturing buyers to 1000+ in the next 18 months. Moglix recently expanded its operations in West India with the launch of Pune office to cater to manufacturing companies in Gujarat and Maharashtra. The company plans to expand its footprint to South and East India in the coming one year and is targeting $100M+ revenue in the next three years.

The company has also added Anurag Srivastava, Founding & Managing Partner, Jungle Ventures to its advisory board after this round. Anurag brings in extensive experience in the Asia-Pacific and India region working with startups in technology as well as manufacturing sector. In his role as an Advisor, Anurag will work with Moglix on product management and devising technology strategy for large manufacturing houses in the automotive industry.

Commenting on the funding, Mr. Rahul Garg, CEO & Founder, Moglix, said, “We are inspired by the confidence shown in us by Accel Partners, Jungle Ventures and SeedPlus. We see this as a testimony and validation of our leadership in the B2B procurement space and are excited about the disruption in the space in the coming years.We are thrilled to have Anurag on board as an advisor. Given his deep experience working with startups in the technology and manufacturing sector, his inputs will make a huge difference, as we scale Moglix rapidly.”

Moglix currently specializes in B2B procurement of industrial products such as MRO, Fasteners and Industrial Electricals and is playing an important role in facilitating online convenience and enabling supply chain efficiencies in business purchasing. The company is witnessing rapid growth and has partnered with 1500+manufacturers and distributors across these categories in India, China and Taiwan. Moglix currently has 2 Lakh + SKUs listed on the platform and serves some of the largest Auto, Electrical and PSUs in the country like Lumax, IndiaForge and Indian Oil. Recently, Moglix became part of the SAP startup studio program and is working closely with SAP on driving digital acceleration within manufacturing companies.

Rahul added, “Most of the manufacturing industries in India have remained low on technology adoption whether it is ERP, Procurement, Planning, Inventory management etc. The Make in India program when combined with the digital initiatives in the country have great potential to play a transformative role in India’s manufacturing sector. We believe that technology can be a strong factor in propelling the efficiency and scale for both procurement and sales of the organizations. We are working with many of these companies to fast forward them to the digital age where technology can enable them to do tasks 3-5X faster”.

Speaking on the investment, Subrata Mitra, Partner, Accel Partners said, “Currently medium and large enterprises procure from 100s to 1000s of vendors, and the entire process is run on an ad-hoc basis. Moglix’s ability to induct technology into such a process is innovative and will lead to significant efficiencies. It’s also a large scale issue, and if solved well can create a formidable business.”

Anurag Srivastava, Founding & Managing Partner, Jungle Ventures who joined the Board of Moglix after this round added, “Moglix is one of the largest platform for industrial products in the country. Since its inception, Moglix has had a healthy, organic growth that is both sustainable and aggressive at the same time. I am honoured to join the board of a company. We believe Moglix will continue to lead the space in the future too and are excited with the growth path that the company is on.”

Ratan Tata Now Invests In B2B Marketplace Moglix

[caption id="attachment_103506" align="aligncenter" width="700"] Ratan Tata with Rahul Garg, Founder and CEO, Moglix[/caption]

India's most active startup investor and veteran industrialist Ratan Tata has made yet another investment in Moglix, a B2B marketplace of industrial products founded by Rahul Garg, an ex-employee of Google. Tata has invested an undisclosed amount in the company.

Moglix is Tata's sixth investment this year after investing in five companies - DogSpot.in, Tracxn, CashKaro, FirstCry and Teabox - last month. Notably, investment in Moglix is the first instance when Tata has invested in a manufacturing tech-startup, adding to his varied portfolio of e-commerce and new-age tech-enabled companies.

Founded in August 2015 by former Google employee Rahul Garg, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe. The startup facilitates online convenience and enabling supply chain efficiencies in business purchasing.

"When we pitched to Tata, we did not expect him to invest in the venture. He is known to be extremely passionate about manufacturing and technology. In a recent newspaper article, Tata also mentioned his passion for the e-commerce sector. We are an early player in the space. He is India's icon and he will play an important role in mentoring us on business growth, global expansion and leadership," says Rahul Garg, Founder and CEO.

Based out of India & Singapore, Moglix had recently raised Pre-Series A funding from Accel Partners and Jungle Ventures. The funds are being used to enhance the technology platform, build a deep supplier base as well as increase marketing spends across Asia.

Moglix has a client base of 100+ companies in the manufacturing sector. These companies typically have a turnover ranging from Rs 50 crore to Rs 1,000 crore. "We want to aim at companies that have Rs 5,000 crore turnover. By the end of this year, we will be adding 3,000-4,000 companies to our client base."

Ratan Tata Now Invests In B2B Marketplace Moglix

[caption id="attachment_103506" align="aligncenter" width="700"] Ratan Tata with Rahul Garg, Founder and CEO, Moglix[/caption]

India's most active startup investor and veteran industrialist Ratan Tata has made yet another investment in Moglix, a B2B marketplace of industrial products founded by Rahul Garg, an ex-employee of Google. Tata has invested an undisclosed amount in the company.

Moglix is Tata's sixth investment this year after investing in five companies - DogSpot.in, Tracxn, CashKaro, FirstCry and Teabox - last month. Notably, investment in Moglix is the first instance when Tata has invested in a manufacturing tech-startup, adding to his varied portfolio of e-commerce and new-age tech-enabled companies.

Founded in August 2015 by former Google employee Rahul Garg, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe. The startup facilitates online convenience and enabling supply chain efficiencies in business purchasing.

"When we pitched to Tata, we did not expect him to invest in the venture. He is known to be extremely passionate about manufacturing and technology. In a recent newspaper article, Tata also mentioned his passion for the e-commerce sector. We are an early player in the space. He is India's icon and he will play an important role in mentoring us on business growth, global expansion and leadership," says Rahul Garg, Founder and CEO.

Based out of India & Singapore, Moglix had recently raised Pre-Series A funding from Accel Partners and Jungle Ventures. The funds are being used to enhance the technology platform, build a deep supplier base as well as increase marketing spends across Asia.

Moglix has a client base of 100+ companies in the manufacturing sector. These companies typically have a turnover ranging from Rs 50 crore to Rs 1,000 crore. "We want to aim at companies that have Rs 5,000 crore turnover. By the end of this year, we will be adding 3,000-4,000 companies to our client base."

India-Singapore Based B2B Marketplace Moglix Raises Seed Funding From Accel Partners, Jungle Ventures

Moglix, an India-Singapore based marketplace for business and industrial supplies, has raised pre Series A funding of around $1.5 million from Accel Partner and Singapore-based Jungle Ventures.

The startup will use the freshly raised funds to enhance the technology platform, build a deep merchant base across Asia and global marketing efforts to rope in consumers.

Founded in 2015 by Rahul Garg, a former Google employee with experience in building global products and running sales across Asia, Moglix aims to become the online-first sales and marketing engine for Asian brands to sell into over 100 countries globally.

Currently on Moglix platform, a wide assortment of genuine industrial goods and products from top global and Indian brands are available for the customers across India. Moglix team procures these products efficiently and claims that all the products are 100% genuine.

The startup is headquartered in Singapore with its operating office in Noida, India.

Some of the companies that already sell their products via Moglix include Havell's, Larsen and Toubro, C&S Electric, Anchor, Bajaj, Unbrako, Caparo, Ambika and Taparia.

Subrata Mitra, Managing Partner of Accel Partners said, "Accel has always believed in disruptive startups looking 3-5 years ahead where we think technology can make an impact. We see x-border e-commerce as a great trend - where technology can make a big impact. We believe Moglix, with a strong team is solving a valuable and tough problem."

Accel has been an active investor in the e-commerce space in India with a portfolio that includes Flipkart, Myntra, real estate portal CommonFloor and Swiggy.

Rahul Garg, CEO & Co-Founder of Moglix, said, "The industrial products market from Asia is growing at a rapid pace. Engineering goods contribute 24 per cent of the Indian exports worth $300 billion. Hence, this market has also been a strong focus area for Make In India initiatives. A large part of this trade remains offline and happens via traditional B2B channels, while the buyers are increasingly moving online. We believe we can play a significant role in bringing them together online."