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Moglix: Using tech to disrupt distribution

Abhishek Jejani 

Small and large enterprises have to procure industrial products from 100s of suppliers. Moglix, a business-to-business (B2B) e-commerce start-up, is trying to use technology to disrupt the traditional distribution channels for industrial products. Recently, the B2B start-up which specialises in procurement of industrial products such as fasteners and industrial electricals, raised $4.2 million (Rs 28 crore) in a Series-A round of funding, led by Accel Partners, Jungle Ventures and SeedPlus. It had also raised $1.5 million (Rs 10 crore) in November last year in the pre-Series-A round from ...

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Moglix: Using tech to disrupt distribution

Small and large enterprises have to procure industrial products from 100s of suppliers. Moglix, a business-to-business (B2B) e-commerce start-up, is trying to use technology to disrupt the traditional distribution channels for industrial products.Recently, the B2B start-up which specialises in procurement of industrial products such as fasteners and industrial electricals, raised $4.2 million (Rs 28 crore) in a Series-A round of funding, led by Accel Partners, Jungle Ventures and SeedPlus. It had also raised $1.5 million (Rs 10 crore) in November last year in the pre-Series-A round from Accel Partners and Jungle Ventures. Ratan Tata also invested in the start-up in February.Founded in August 2015 by Rahul Garg, the start-up caters to around 20,000 small and medium-sized enterprises (SMEs) and 100 large manufacturing houses through its platform. It has also partnered with manufacturers and distributors from China and Taiwan.The company charges a commission of 5-15 per cent on every tran Small and large enterprises have to procure industrial products from 100s of suppliers. Moglix, a business-to-business (B2B) e-commerce start-up, is trying to use technology to disrupt the traditional distribution channels for industrial products. Recently, the B2B start-up which specialises in procurement of industrial products such as fasteners and industrial electricals, raised $4.2 million (Rs 28 crore) in a Series-A round of funding, led by Accel Partners, Jungle Ventures and SeedPlus. It had also raised $1.5 million (Rs 10 crore) in November last year in the pre-Series-A round from ... image
Business Standard
177 22

Moglix: Using tech to disrupt distribution

Small and large enterprises have to procure industrial products from 100s of suppliers. Moglix, a business-to-business (B2B) e-commerce start-up, is trying to use technology to disrupt the traditional distribution channels for industrial products. Recently, the B2B start-up which specialises in procurement of industrial products such as fasteners and industrial electricals, raised $4.2 million (Rs 28 crore) in a Series-A round of funding, led by Accel Partners, Jungle Ventures and SeedPlus. It had also raised $1.5 million (Rs 10 crore) in November last year in the pre-Series-A round from ...

image
Business Standard
177 22