Moglix operates a B2B marketplace and procurement platform for manufacturing goods, offering items from pumps and fans to routers and pulse oximeters. The company serves 500,000 small, medium-sized businesses and enterprises and has established over 3,000 manufacturing plants across India, Singapore, the U.K. and the UAE. Moglix runs a supply chain network of 16,000 suppliers, operates more than 40 warehouses and logistics infrastructure, and lists close to 700,000+ SKUs on its platform. It counts customers including Hero MotoCorp, Vedanta, Tata Steel, Unilever, Air India and NTPC and claims to be the largest e-commerce platform of industrial goods in India. The company says it will continue to invest in building technology and supply chain capabilities, and will increasingly focus on supply chain financing, acquisition of partners and global expansion. Moglix was founded by Rahul Garg and is described in the article as a seven-year-old, India-based startup. Moglix operates an e-commerce marketplace focused on industrial goods and a logistics/supply‑chain network for manufacturing customers. The platform lists close to 500,000 SKUs and runs a supplier network of about 16,000 vendors, more than 35 warehouses, and logistics infrastructure. It serves over 500,000 small and medium businesses and enterprises and has established 3,000 manufacturing plants across India, Singapore, the UK and the UAE. Moglix counts large customers including Hero MotoCorp, Vedanta, Tata Steel, Unilever, Air India and NTPC. The company says it is the largest e-commerce platform of industrial goods in India and cites strong customer and revenue retention as a competitive advantage. Leadership frames the financing as enabling the next stage of growth and advancing a mission to help create a $1 trillion manufacturing economy in India. Moglix is described as India’s largest and fastest-growing B2B commerce company, focused on transforming procurement and indirect supply chains. The company is building a direct-to-enterprise distribution model while simultaneously developing physical logistics infrastructure. Management emphasizes technology innovation, analytics, and owning a wide logistics network as core product and service areas. Founder & CEO Rahul Garg says Moglix is growing 300% year-over-year. The company plans to use the new funds to fuel expansion and to optimize efficiencies across technology, analytics, and logistics. The article frames Moglix as a leader in modern, technology-enabled B2B commerce amid GST-driven change in Indian business. Moglix operates an e-commerce platform that connects manufacturing OEMs and their resellers with business buyers and offers a SaaS procurement service to digitize B2B purchasing. The company emphasizes the value of digital commerce data, improved distribution and tighter fraud prevention for brands and resellers. Founded in 2015 by former Googler Rahul Garg, Moglix has grown to 10 centers in India, more than 5,000 suppliers and conducts roughly 90% of its transactions domestically. It has raised about $41M to date, including a $12M Series B last year and a $23M Series C, while keeping headcount under 500. Moglix plans to use the latest capital to deepen its India presence, seed international expansion ahead of a larger round next year, and scale its SaaS procurement product from eight countries toward a target of 100 markets. Management says the move toward transactional B2B commerce and recent policy shifts like GST have accelerated adoption; the company estimates it holds roughly 0.5% share of its manufacturing niche with ambitions to reach double-digit percentages. Launched in 2015 as an online store for tools and construction supplies, Moglix has expanded into enterprise software with products like GreenGST to help manufacturers comply with India’s new tax codes. The Noida-headquartered company operates an industrial e-commerce marketplace while developing supply-chain management technology. GreenGST, launched last month, helps manufacturers track filing deadlines and ensures vendors in their supply chain are GST-compliant. Moglix plans to use new funding to further develop its supply-chain platform and to expand operations into additional manufacturing hubs and three new cities. The company cites a $300 billion manufacturing industry in India where only 2–3% of manufacturers currently use software, pointing to a large opportunity accelerated by GST and cashless policies. Financially, the latest round brings Moglix’s total capital raised to $18 million, and the company counts industrialist Ratan Tata as a backer.

Total raised

$471M

Funding rounds

7

Latest round

Series F

Latest activity

Jan 2022