Moglix, India’s largest B2B commerce platform for industrial products, announced its plans for hyper-expansion, aiming to increase its workforce by hiring 500 professionals in the next 18 months. This hiring push comes after Moglix’s rapid business growth and strong funding position, as the company scales its operations across manufacturing and infrastructure supply chain sectors, a statement said. Determined to fortify its position as a leader in the industry, Moglix will be augmenting its team to exceed 500-600 talented professionals over the next 18 months across vital business functions. These include Enterprise…
Tag: Moglix
Moglix announces acquisition of ADI’s India distribution business
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•Moglix, a B2B e-commerce and digital supply chain solutions company, announced the acquisition of ADI’s India distribution business to spread its arms further into industrial goods distribution. ADI’s India business represents the Indian distribution arm of ADI Global Distribution, a leading global wholesale distributor of security, AV and low-voltage products, which is part of Resideo…
Moglix appoints Mukund Vasudevan as Senior Vice President – Strategic Partnerships
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•B2B Commerce Unicorn Moglix has appointed Mukund Vasudevan as Senior Vice President-Strategic Partnerships. In this new role, Mukund will be leading large transformation initiatives for Moglix customers and vendors globally. Mukund Vasudevan brings over 28 years of global leadership experience in the manufacturing and chemical sectors. An alumnus of the Indian Institute of Technology, Bombay and…
B2B Commerce Unicorn Moglix Acquires Vendaxo
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•Moglix in its quest to build the operating system for the manufacturing sector has acquired Vendaxo, an e-commerce platform for buying and selling of used machinery. This move by the B2B commerce Unicorn is a step towards creating a sustainable and capital efficient manufacturing ecosystem. Through the acquisition, Moglix wants to provide access to high…
Moglix raises $120 mn; joins unicorn club
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•Moglix said it has raised $120 million (about ₹878.8 crore) in funding from Falcon Edge Capital, Harvard Management Company (HMC) and others, placing the industrial B2B e-commerce platform in the unicorn club, according to PTI report. The Series E round also saw participation from existing investors Tiger Global, Sequoia Capital India and Venture Highway. “We…
Moglix, Ratan Tata-backed B2B E-commerce start-up, looking to spread their wings across Eastern India.
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•Moglix, the Ratan Tata-backed B2B e-commerce start-up, is looking to expand to Eastern India, starting with Kolkata in West Bengal. The company currently has 10 warehouses across 8 cities including Delhi NCR, Kolkata, Chennai, Pune, Ahmedabad, Mumbai, Aurangabad, and Pantnagar. With the further expansion, the company has ambitious plans to increase its hiring by 30…