Moglix has raised $250 million in its latest Series F funding round — led by Tiger Global and Alpha Wave Global with Hong Kong based Ward Ferry coming onboard as a new investor.
In 2019, Moglix was the first B2B sector investment in India by Tiger Global which continued to double down and invest in Moglix over the last 3 years. Early investors, who had invested in Moglix during the seed stage have seen an 80X return on their investment in this B2B commerce pioneer.
Moglix, one of India’s largest and fastest growing B2B Commerce companies, works with manufacturing and infrastructure companies to transform their end-to-end supply chain, from procurement to distribution.
“We will continue to invest in building technology and supply chain capabilities to enable growth of the manufacturing and infrastructure sector. Moglix will increasingly focus on growth driven by supply chain financing, acquisition of the right partners and global expansion,” Rahul Garg, Founder & CEO, Moglix, said.
Moglix was founded in 2015, by IIT Kanpur Distinguished Alumnus and ISB graduate Rahul Garg. Moglix provides solutions to more than 500,000 SMEs and 1000+ large manufacturers across India and the UAE. Moglix has a supply chain network of 16,000+ suppliers, 40+ warehouses and logistics infrastructure.
With close to 700,000+ SKUs, its marketplace, www.moglix.com is the largest e-commerce platform in the industrial goods category in India. Moglix recently crossed $100 Million disbursal rate on its supply chain financing platform Credlix.
Moglix is backed by global investors such as Tiger Global, Alpha Wave Global, Sequoia, Accel Partners, International Finance Corporation, Harvard Management Company, and others.
Leaders from the start-up and manufacturing communities such as Ratan Tata, Kalyan Krishnamurthy, Vikrampati Singhania, and Shailesh Rao have been investors in Moglix.
