Moglix Company Profile

Background

Overview

Moglix, established in 2015, is a Singapore-headquartered B2B e-commerce platform specializing in the procurement of industrial products. Operating across India, the USA, the UK, and Europe, Moglix is owned and operated by Mogli Labs. The company's mission is to reimagine B2B commerce and supply chains through technology, aiming to bridge the gap between B2B merchants and consumers by developing a digital trade ecosystem tailored to diverse buyer and seller needs.

Industry Significance

Moglix has emerged as a significant player in the industrial goods sector, offering a comprehensive range of products and services that streamline procurement processes for businesses. By integrating technology into the manufacturing sector, Moglix addresses the complexities of industrial procurement, providing a seamless solution to longstanding industry challenges.

Key Strategic Focus

Core Objectives

• Digital Transformation: Leveraging technology to revolutionize B2B commerce and supply chains.

• Comprehensive Procurement Solutions: Offering a single-window platform for procurement, packaging, supply chain financing, and integrated software solutions.

• Global Expansion: Extending operations beyond India to markets in the USA, UK, Europe, and the UAE.

Areas of Specialization

• Industrial Supplies: Providing a vast assortment of industry-essential products across multiple categories.

• Supply Chain Financing: Through its platform Credlix, offering quick, collateral-free working capital solutions to suppliers and manufacturers.

• SaaS Solutions: Developing software products like iCAT for contract management, co-created with Unilever to manage substantial material spend across numerous countries.

Key Technologies Utilized

• E-commerce Platform: A robust online marketplace featuring over 450,000 SKUs across 40+ product categories.

• Supply Chain Financing Platform: Credlix, facilitating efficient financing solutions for suppliers.

• Contract Management Software: iCAT, enhancing procurement contracting processes for large enterprises.

Primary Markets Targeted

• Manufacturing Enterprises: Serving over 3,000 manufacturing companies.

• Small and Medium Enterprises (SMEs): Catering to more than 500,000 SMEs across various regions.

• Global Markets: Operating in India, Singapore, the UK, the USA, and the UAE.

Financials and Funding

Funding History

Moglix has secured substantial funding through multiple rounds:

• Seed Funding (2015): Raised from Ratan Tata and Accel Partners.

• Series A (2016): Funding led by Accel and Jungle Ventures.

• Series B (2017): Investment from the International Finance Corporation.

• Series C (2018): Led by Accel US and IFC.

• Series D (2019): Led by Tiger Global, Sequoia, and Composite Capital.

• Series E (2021): Achieved unicorn status with a valuation exceeding $1 billion.

Total Funds Raised

As of 2025, Moglix has raised approximately $472.2 million in total funding.

Valuation

The company's valuation reached $2.6 billion by 2022.

Intended Utilization of Capital

The capital raised has been strategically utilized for:

• Expansion: Extending operations into new markets and regions.

• Technology Development: Enhancing platform capabilities and developing new SaaS solutions.

• Acquisitions: Strengthening market position through strategic acquisitions.

Pipeline Development

Key Initiatives

• Credlix: Launched in 2021, this supply chain financing platform has financed over 26,000 invoices for more than 2,500 MSMEs across 120 cities, exceeding an annual run rate of $100 million in credit disbursal.

• iCAT: A contract management solution co-created with Unilever, managing $20 billion annually across 100+ countries.

Acquisitions

• Vendaxo (2021): An e-commerce platform for buying and selling used machinery.

• NuPhi (2021): A Singapore-based EXIM fintech company, acquired by Credlix.

• ADI's Indian Distribution Unit (2022): Acquired to strengthen Moglix's market position in industrial goods distribution.

Technological Platform and Innovation

Proprietary Technologies

• Moglix Marketplace: An extensive e-commerce platform offering a wide range of industrial products.

• Credlix: A digital supply chain financing platform providing quick, collateral-free working capital solutions.

• iCAT: A contract management software enhancing procurement processes for large enterprises.

Significant Scientific Methods

• Data Analytics: Utilizing advanced analytics to optimize supply chain operations and procurement processes.

• Machine Learning Algorithms: Implementing AI-driven solutions to enhance platform efficiency and user experience.

Leadership Team

Rahul Garg
Founder & CEO
An alumnus of IIT Kanpur and the Indian School of Business, Rahul founded Moglix in 2015 after serving as Head of AdX for India, SEA, and Korea at Google. He holds 16 US patents in wireless technology, digital networks, and analytics.

Sandeep Goel
Managing Director, Strategy & Operations
With over 21 years of experience in digital transformation, Sandeep has worked across diverse industry verticals, including investment banking and FMCG. He holds a postgraduate degree in Computer Science from the Indian Institute of Science.

Partha Dash
Managing Director, New Business & Growth
Partha leads new business initiatives and growth strategies at Moglix, focusing on expanding the company's market presence and developing innovative solutions.

Sanjeev Arora
Chief Financial Officer
Sanjeev oversees the financial operations at Moglix, ensuring fiscal responsibility and strategic financial planning.

Jigyasa Kishore
Vice President, Marketing & TaaS
An MBA from the Indian School of Business, Jigyasa leads marketing strategies and the Technology as a Service (TaaS) division, focusing on new product development and growth strategies.

Piyush Malviya
Vice President, EMEA Business
Piyush spearheads Moglix's business operations in the EMEA region, focusing on market expansion and client engagement.

Saumya Khare
Vice President, Human Capital
Saumya leads the human resources function, focusing on talent acquisition, development, and organizational culture.

Jasmeet Singh Marwah
Senior Vice President, Supply Chain
Jasmeet manages the supply chain operations, ensuring efficiency and reliability in procurement and distribution processes.

Leadership Changes

In 2023, Moglix announced a workforce reduction of approximately 3%, affecting around 40 employees. This strategic decision was part of the company's efforts to optimize operations and align with its growth objectives.

Competitor Profile

Market Insights and Dynamics

The B2B e-commerce market for industrial goods is experiencing significant growth, driven by digital transformation initiatives and the increasing adoption of online procurement solutions. The market is characterized by a competitive landscape with several key players offering diverse solutions to meet the evolving needs of businesses.

Competitor Analysis

• Zetwerk: Founded in 2018, Zetwerk is a Bengaluru-based company specializing in manufacturing and procurement solutions, offering a platform that connects buyers with manufacturing partners.

• Industry Buying: Established in 2013, Industry Buying is a New Delhi-based online marketplace for industrial goods, providing a wide range of products across various categories.

• Infra.Market: Founded in 2016, Infra.Market is a