# Moglix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moglix

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.moglilabs.com
- Total disclosed funding: $452M
- Latest round: Series F (Jan 27, 2022)
- Investors on record: 14

## About

Based in Singapore, and founded in 2015, Moglix is a B2B (Business-to-Business) commerce company that provides procurement, packaging, and supply chain solutions to SMEs (Small and Medium-sized Enterprises) and manufacturers. The company also has offices in India and UAE. In May 2021, Moglix raised USD 120 million in series E funding from Falcon Edge Capital and Harvard Management Company, and in July 2021, the firm acquired Vendaxo.
In January 2022, Moglix raised USD 250 million in Series F funding from Alpha Wave Global and Tiger Global Management. As of November 2022, Moglix is led by its founder and CEO, Rahul Garg, and has more than 880 employees.

The company primarily operates a B2B online marketplace for industrial goods, consisting of more than 300,000 SKUs (stock-keeping units) across a wide range of products including hand tools, power tools, electrical products, fasteners, pumps and motors, office furniture and decor, hardware and much more. In addition, the firm provides primary, secondary, tertiary, and eco-friendly packaging solutions and procurement digitization solutions for its customers. Furthermore, Moglix helps industrial product manufacturers overcome their production challenges through its customized Manufacturing-as-a-Service (MaaS). The firm serves various industrial markets including FMCG, chemical, cement, oil and gas, fashion, auto, metal, mining, and pharmaceuticals, etc.

The company generated a revenue of USD 53.8 million in 2020 and USD 105.2 million in 2021.

Moglix plans to utilize the January 2022 funding to better serve the demands of Indian companies, by creating a manufacturing ecosystem in India.

## Funding rounds

- Series F, Jan 27, 2022, $250M — WFM Asia, Tiger Global Management, Alpha Wave Global
- Series E, Dec 13, 2021, $106M — Hong Shan, Harvard Management Company, Tiger Global Management, Alpha Wave Global, General Catalyst India
- Series D, Jun 11, 2019, $57M — Hong Shan, Tiger Global Management, Composite Capital Management
- Series C, Feb 11, 2019, $22M — Accel, IFC Asset Management Company, Jungle Ventures, General Catalyst India, Tanglin Venture Partners
- Series B, Oct 25, 2018, $12M — Accel, IFC Asset Management Company, Jungle Ventures, General Catalyst India, Rocketship.vc
- Series A, Dec 23, 2016, $4.3M — Accel, Jungle Ventures, Seed Plus Venture, General Catalyst India
- Seed, Dec 24, 2015, $1.4M — Accel, Jungle Ventures, RNT Associates, General Catalyst India

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B, Series C
- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Seed, Series A, Series B, Series C
- RNT Associates (https://capitalatlas.ai/funds/rnt-associates) — Seed
- General Catalyst India (https://capitalatlas.ai/funds/general-catalyst-india) — Seed, Series A, Series B, Series C, Series E
- Seed Plus Venture (https://capitalatlas.ai/funds/seed-plus-venture) — Series A
- IFC Asset Management Company (https://capitalatlas.ai/funds/ifc-asset-management-company) — Series B, Series C
- Rocketship.vc (https://capitalatlas.ai/funds/rocketship-vc) — Series B
- Tanglin Venture Partners (https://capitalatlas.ai/funds/tanglin-venture-partners) — Series C
- Hong Shan — Series D, Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D, Series E, Series F
- Composite Capital Management — Series D
- Harvard Management Company — Series E
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series E, Series F
- WFM Asia — Series F