Moglix Success Story | How It Reached a $2.51 Billion Valuation in Just 9 Years

Moglix, started by Rahul Garg in 2015, is one of Asia’s largest and fastest-growing supply chain services. It has been leading with the support of investors like Ratan Tata and has reached a valuation of $2.51 billion, raising $472.2 million in funding. Moglix is involved in areas like B2B eCommerce (Moglix), business purchasing solutions (Moglix Business), and software for managing contracts in procurement and supply chains (Moglix SaaS).

In this article we read more to know about Moglix Success Story and more details.

Business Model of Moglix

Moglix has connected customers and suppliers into a single, technology-driven ecosystem. This collaborative approach eases procurement processes and improves efficiency for businesses.

Moglix generates money by selling products on its online platform, charging commissions on transactions, offering Saas subscriptions, and collecting fees from its credit service, Credlix. These multiple income sources make Moglix a reliable and scalable platform for businesses and small enterprises.

“We partner with large companies to enable procurement solutions through a collaborative approach that brings together 10,000+ suppliers who provide 45+ categories of maintenance, repair, operational (MRO)and packaging items to create a digitally integrated, and exhaustive ecosystem and a warehousing network that cover 25 locations”, says Rahul Garg, founder of Moglix.

Since 2015, Moglix has achieved impressive successes which includes becoming a Unicorn in 2021 with a valuation of more than $1 billion after raising $120 million. The company now serves over 3,000 enterprises and 500,000 small and medium enterprises across India, Singapore, the UAE, and Europe. Moglix has expanded to more than 16,000 suppliers and built over 40 warehouses. It has been recognized with prestigious awards like the Deloitte Tech Fast 50 India and continues to be at the top in transforming global supply chains.

Moglix Success Story of Founder Rahul Garg

Rahul Garg, the founder and CEO of Moglix, had a unique thought of solving problems from the business point of view. Rahul grew up in Faridabad and had a complete idea of both the new opportunities and the challenges faced by the country’s manufacturing sector.

While he was working with Google AdX India, SEA, and Korea, he realized how advertising could help new market opportunities. Inspired by discussions with colleagues, he moved from Japan to Singapore which completely changed his life and goals. Rahul realized technology could improve India’s manufacturing sector. He shifted from search-based advertising to a transaction-based model, focusing on distribution and supply chains, and this idea led him to create Moglix in 2015.

Moglix began with a simple goal: “How can we use technology to improve B2B commerce and supply chains?” Rahul, the CEO and founder, wanted to bring innovation which has been neglected so far. Moglix started as a B2B e-commerce platform for industrial supplies, offering over 450,000 products in 40+ categories, reaching 25,000+ locations.

While working on the idea, Moglix Business expanded to serving 3,000+ manufacturing companies and 500,000+ small and medium businesses in India, Singapore, the UK, and the UAE. The founder also said they launched Moglix SaaS, a contract management solution. After collaborating with Unilever, they co-created iCAT, helping over 1,500 professionals in 100+ countries manage $20 billion annually.

What makes Moglix successful?

Moglix uses advanced technology to make supply chains more efficient, cost-effective and transparent. Moglix’s AI-powered contract management tools help automate procurement processes, minimise errors, and promote smarter decision-making for businesses. Its integration with Enterprise Resource Planning (ERP) ensures real-time tracking and transparency for procurements and supply chain processes. It also includes cloud-based spreadsheets to centralize data management.

Products and Services Offered by Moglix 

Moglix provides over 4,50,000 SKUs with 40+ categories of industrial products. It serves businesses across 25,000+ pin codes in India, which includes MRO, and packaging supplies.

– Moglix Business – Moglix company offers the largest e-catalog of over 3 lakh SKUs of industrial supplies in maintenance, repair, operational, and packaging categories across India. Some of the leading companies that deal are GSK, Havells, Tata Chemicals, Yamaha, and more.

– Moglix SaaS – Moglix SaaS Solutions with iCAT is made to renew, create, extend and clone material contracts enabling effective contract management.

– Credlix – Moglix launched Credlix to offer quick collateral-free working capital solutions for more than 15,000+ company suppliers.  It even serves manufacturing leaders in industries like retail, hospitality, fashion etc.

Future Plans of Moglix 

Considering India to become 3rd largest economy by 2025, Moglix aims to expand to 120+ countries, as the manufacturing sector shall play a major role in it. Moglix focuses majorly on Europe, the Middle East, and Asia. The Moglix company plans to invest in AI tools to enhance supply chain efficiency. It also supports small and medium businesses in digital transformation, helping them thrive globally through innovative B2B e-commerce and procurement solutions.

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Wrapping Up

In just nine years, Moglix has redefined how businesses approach procurement and supply chain management. With its innovative B2B eCommerce platform, SaaS solutions, and financial services, Moglix simplifies operations for over 3,000 enterprises and 500,000 SMEs globally. Under the visionary leadership of Rahul Garg, the company has grown to a $2.51 billion valuation, proving that technology-driven solutions can transform industries. As Moglix continues to expand across new markets, its focus remains on efficiency, transparency, and empowering businesses worldwide.

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