B2B e-com­merce mar­ket­place Moglix steps-up its pres­en­cein Mum­bai, Ahmed­abad

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Moglix an­nounced its ex­pan­sion to Mum­bai and Ahmed­abad to cater to the mar­ket of Western In­dia. Cur­rently, Moglix is head­quar­tered in Sin­ga­pore and is present in Noida, Gurgaon, Chen­nai and Pune. With these new ad­di­tions, Moglix is fur­ther step­ping-up their pres­ence cater­ing to industrial hubs in In­dia, in line with their vi­sion to trans­form the sup­ply chain of the In­dian man­u­fac­tur­ing sec­tor.

Ear­lier this year in July, Moglix raised Se­ries B round of fund­ing of USD 12 Mil­lion from In­ter­na­tional Fi­nance Cor­po­ra­tion (IFC), a mem­ber of the World Bank Group, Rock­et­ship vc., and ex­ist­ing in­vestors Ac­cel Part­ners, Jun­gle Ven­tures and Ven­ture High­way, and had men­tioned ex­pan­sion as one of the key driv­ers for busi­ness growth.

Moglix’s so­lu­tions cater to more than one lakh small and medium-sized en­ter­prises (SMEs), and more than 250 large man­u­fac­tur­ing houses in In­dia. Moglix cur­rently has more than three lakh stock keep­ing units (SKUs) listed on its plat­form and serves some of the largest auto, elec­tri­cal and in­te­grated man­u­fac­tur­ing en­ter­prises in the coun­try in­clud­ing Lu­max, In­di­aForge, Havells, Vedanta, etc. With the re­cent re­forms of GST im­ple­men­ta­tion and move to­wards a cash­less econ­omy, Moglix is well-poised to cater to more cus­tomers in the near fu­ture. With the roll-out of GST, Moglix has also launched GreenGST, a unique SAAS-based so­lu­tion for the man­u­fac­tur­ing sec­tor that will make the en­tire cus­tomer ecosys­tem GST com­pli­ant and fu­ture-ready, mark­ing an­other mile­stone to­wards its com­mit­ment to the space.

Rahul Garg, Founder & CEO, Moglix said, “We are ex­cited to cover newer lo­ca­tions to our ever grow­ing net­work and are in­deed very en­cour­aged by the trust our cus­tomers and busi­ness part­ners place in us. Our pri­mary ob­jec­tive has al­ways been to digi­tise and sim­plify the sup­ply chain in the sec­tor we op­er­ate in con­junc­tion with do­main knowl­edge of the in­dus­try and cre­ate cus­tomer ori­ented or­gan­i­sa­tion. Cur­rently, Moglix op­er­ates out of 6 lo­ca­tions with its JIT (Just in Time) cen­ters in In­dia cater­ing to the length and breadth of the coun­try and has cur­rent em­ployee strength of over 250 tal­ented peo­ple. As of now, we are barely scratch­ing a small per­cent­age of the man­u­fac­tur­ing in­dus­try and as­pire to cover many more land and states by the turn of 2018. We want to ex­pand our pres­ence in Kolkata and Ban­ga­lore by March 2018 and fo­cus on ser­vic­ing the industrial clus­ters of au­to­mo­tive, steel, chem­i­cal and more, for bet­ter ef­fi­cien­cies for all.”

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