A Ratan Tata-backed B2B e-commerce platform Moglix has announced its business expansion to Ahmadabad and Mumbai to reach the market of western and Southern India.
Planning to cater Industrial hubs in India
As of now, Moglix is headquartered in Singapore and is available in Noida, Gurgaon, Chennai and Pune. With these new increases, Moglix is further venturing up their quality taking into account modern centre points in India, in accordance with their vision to change the production network of the Indian assembling part, originator Rahul Garg said.
Raising Funds
Prior in July, Moglix raised Series B round of subsidizing of USD 12 mn from International Finance Corporation (IFC), an individual from the World Bank Group, Rocketship vc., and existing financial specialists Accel Partners, Jungle Ventures and Venture Highway, and had said development as one of the key drivers for business development.
Launching Green GST
With the roll-out of GST, Moglix has likewise launched GreenGST, a novel SAAS-based solution for the manufacturing sector that will make the whole client biological community GST consistent and future-prepared, denoting another point of reference towards its sense of duty regarding space, Moglix said.
About Moglix
Moglix had previously raised Seed and Series A financing of USD 6 mn from investment firms like Accel Partners, Jungle Ventures, SeedPlus and Venture Highway. With Series B, the aggregate sum of raised money by Moglix remains at $18 million.
