Moglix is an e-commerce platform for industrial tools and equipment.
Moglix intensively inclined towards B2B procurement of industrial supplies, in particular, MRO, Safety, Electrical & Lighting, Cleaning & Laundry Supplies, Office Supplies, Tools and many more industry essentials.
Moglix was founded in India in 2015 by Rahul Garg. The company is headquartered in Singapore, with offices in Noida, India, and Abu Dhabi, UAE.
Moglix sells a wide range of industrial tools on its platform including hammers, drills, wrenches, office stationery and supplies, hospital supplies and automotive supplies. It has been among the many startups tackling the business-to-business e commerce space in India.
Moglix serves over 500,000 small, medium-sized business and enterprises. It has established 3,000 manufacturing plants across India, Singapore, the UK and the UAE and counts manufacturing giants such as Hero MotoCorp, Vedanta, Tata Steel, Unilever and Air India and NTPC as its customers.
Moglix runs a supply chain network of 16,000 suppliers, over 40 warehouses and logistics infrastructure. With close to 700,000+ SKUs on its platform, the startup claims to be the largest e-commerce platform of industrial goods in India.
Moglix is backed by Accel, Sequoia India, Tiger Global, Alpha Wave Global, Falcon Edge Capital, Harvard Management Company (HMC), Jungle Ventures, and others. The company raised $250M in Series F round on Jan 28, 2022. This brings Moglix's total funding to $469.2M to date. The latest round nearly tripled the company's valuation to $2.6B, from its previous $1B gained after a Series E raised in May 2021.