Friday, 24 March, 2023

B2B etailer Moglix become latest start-up to join unicorn club

<p>Moglix became the 13th start-up from India to get unicorn status in 2021. In a $120 mn fundraiser, six-year-old Moglix has been valued at $1bn. Moglix, founded by IIT Kanpur and ISB alumnus Rahul Garg, caters to 500,000 SMEes. It has 3000+ manufacturing plants across India, UAE, Singapore, and the UK. With a network of 16,000+ suppliers and 35+ warehouses and 500,000+ SKUs, it claims to be the largest e-com platform of industrial goods in India.<br /> &nbsp;</p> <p>&nbsp;</p>