What is Moglix?
Founded in 2015 and operating across Singapore and India, Moglix has established itself as a leading technology platform for B2B procurement. The company specializes in facilitating the purchase of a wide array of industrial products, including MRO, fasteners, electrical components, hardware, and safety items. Moglix's core mission is to bridge the gap between demand and supply in the industrial goods market through efficient price discovery and ensuring product availability. This strategic focus positions Moglix as a critical player in digitizing and streamlining supply chains for businesses in the region.
How much funding has Moglix raised?
Moglix has raised a total of $470.7M across 7 funding rounds:
Angel/Seed
$1.5M
Series A
$4.2M
Series B
$12M
Series C
$23M
Series D
$60M
Series E
$120M
Series F
$250M
Angel/Seed (2015): $1.5M with participation from Accel Partners and Jungle Ventures
Series A (2016): $4.2M led by SeedPlus, Accel Partners, and Jungle Ventures
Series B (2017): $12M supported by Accel Partners, International Finance Corp, Venture Highway, and Jungle Ventures
Series C (2018): $23M featuring Accel Partners, International Finance Corporation, Venture Highway, Jungle Ventures, Shailesh Rao, and InnoVen Capital
Series D (2019): $60M backed by Tiger Global, Sequoia India, and Composite Capital
Series E (2021): $120M with participation from Falcon Edge Capital, Sequoia Capital India, Tiger Global Management, Venture Highway, and Harvard Management Company
Series F (2022): $250M led by Tiger Global Management, Ward Ferry Management, and Alpha Wave Global
Key Investors in Moglix
Alpha Wave Global
Alpha Wave Global is an investment firm that has participated in Moglix's Series F funding round, indicating a focus on scaling and growth-stage companies.
Tiger Global Management
Tiger Global Management, an investment firm active in both public and private markets, has provided backing to Moglix, suggesting a strategic interest in high-growth technology platforms.
Accel Partners
Accel Partners is a venture capital firm known for investing in early-stage and growth-stage technology companies, demonstrating a long-term commitment to Moglix's development.
What's next for Moglix?
The recent major strategic investment signals a new phase of growth for Moglix, likely enabling further technological innovation and market penetration. With a comprehensive funding history that includes significant backing from prominent venture capital firms, Moglix is well-positioned to scale its operations, expand its product catalog, and enhance its service offerings. This capital infusion is expected to bolster its competitive advantage in the rapidly evolving B2B e-commerce landscape, potentially leading to further market consolidation and expansion into new geographies or product categories.
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