|
Moglix
|
|
Moglix is an Indian e-commerce company headquartered in Singapore. The company became a unicorn with a valuation of USD $1 billion as of 2021. History Rahul Garg, alumnus of IIT Kanpur and ISB and former head of advertising exchange at Google Asia, founded Moglix in 2015 and moved headquarters to Singapore. Moglix is owned and operated by Mogli labs India private limited. After its initial round of funding in 2015, the company expanded its operations to four cities, including Noida, Delhi, Faridabad, Manesar and Chennai by setting up warehouses there and launched a SaaS enabled GST platform called Greed GST. As of 2018, there were 10 warehouses. Moglix partnered with manufacturers and suppliers from China, Taiwan, and Faridabad, Delhi, and Gujarat, and launched Credlix in 2021, a supply chain financing platform. Corporate social responsibility Moglix is a member of a consortium of ten manufacturers that came together to contribute towards Covid-19 relief initiatives Investments Moglix raised USD $1.5 million in a Pre-Series A round of financing in 2015. This round was being led jointly by American venture capital firm Accel and Jungle Ventures. In 2016, Ratan Tata made an undisclosed investment in the company. In 2016, the company received USD $4.2 million in its series A round from SeedPlus and existing investors. In 2017, the company raised an additional $12 million from a member of the World Bank Group, International Finance Corporation (IFC), Rocketship VC, and also existing investors. In December 2018, Moglix raised approximately USD $23 million in Series C round of funding led by existing investors Jungle Ventures and International Finance Corporation (IFC), Accel Partners, members of the World Bank Group. In 2019 the company raised USD $60 million in its series D round of funding. In 2021, Moglix completed another round of funding of USD $120 million at a post-money valuation of $1 billion. Awards and recognition * 11th edition of SAP ACE Awards 2018 in Sourcing Excellence category * Recognized as the top firm on 
|
| < Prev | Next > |
|---|
Main Menu
| Home |
| Articles |
| Search |
| Submit Article |
| Contact Us |
| Donate to Wikibin |
