Moglix
Founded Year
2015Stage
Series F | AliveTotal Raised
$470.71MValuation
$0000Last Raised
$250M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-21 points in the past 30 days
About Moglix
Moglix is a B2B e-commerce platform focused on the procurement of industrial supplies across various sectors. The company offers a wide range of products including safety gear, power tools, office supplies, electrical equipment, and healthcare and lab supplies. Moglix caters primarily to the needs of the manufacturing, industrial, and business sectors by providing essential tools, equipment, and supplies necessary for their operations. It was founded in 2015 and is based in Singapore, Singapore.
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ESPs containing Moglix
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The industrial equipment marketplaces market helps organizations repurpose and resell their industrial assets. The marketplace allows buyers to acquire quality second-hand industrial assets at a fraction of the cost. This market helps organizations comply with ESG policies and recover value from their surplus assets while enabling a circular supply chain. Overall, it is a cost-effective solution f…
Moglix named as Outperformer among 7 other companies, including eBay, EquipmentShare, and Ritchie Bros. Auctioneers.
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Research containing Moglix
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Moglix in 2 CB Insights research briefs, most recently on Jan 4, 2022.
Expert Collections containing Moglix
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Moglix is included in 4 Expert Collections, including E-Commerce.
E-Commerce
11,045 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,249 items
Future Unicorns 2019
50 items
Advanced Manufacturing
6,362 items
Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability
Latest Moglix News
Oct 23, 2024
New Update After experiencing 82.6% growth in FY23, the B2B e-commerce platform Moglix registered a modest 5.5% increase in revenue during the fiscal year ending March 2024. Despite this slower growth, the company managed to reduce its losses by 16% during the same period. Moglix's revenue from operations increased to Rs 4,964 crore ($591 million) in FY24, up from Rs 4,704 crore ($560 million) in FY23, according to its consolidated financial statements accessed from its group company in Singapore. The sale of traded goods accounted for 98.98% of Moglix's operating revenue, which grew by 5.4% to Rs 4,914 crore in FY24. The remaining income comes from commissions on online sales, information technology services, factoring, and other allied services. Interest income and other non-operating earnings boosted Moglix's total revenue to Rs 5,309 crore ($632 million) in FY24. Notably, the Indian market contributed 97.1% of the company's revenue, with the USA accounting for 2.7% and Singapore contributing 0.16%. Moglix operates on a cash-and-carry model, with procurement costs accounting for 84% of its total expenses. In FY24, due to the increase in scale, these costs rose by 4.4%, reaching Rs 4,620 crore, up from Rs 4,427 crore in FY23. Moglix spent Rs 218 crore on employee benefits and Rs 92 crore on shipping in FY24. Its spending on advertising, legal, information technology, allowance for doubtful debts, and other overheads brought the total cost to Rs 5,493 crore ($654 million) in FY24, compared to Rs 5,208 crore ($620 million) in FY23.
Moglix Frequently Asked Questions (FAQ)
When was Moglix founded?
Moglix was founded in 2015.
Where is Moglix's headquarters?
Moglix's headquarters is located at 7 Temasek Boulevard #12-02A Suntec Tower One, Singapore.
What is Moglix's latest funding round?
Moglix's latest funding round is Series F.
How much did Moglix raise?
Moglix raised a total of $470.71M.
Who are the investors of Moglix?
Investors of Moglix include Tiger Global Management, Alpha Wave Global, Ward Ferry Management, Peak XV Partners, General Catalyst India and 13 more.
Who are Moglix's competitors?
Competitors of Moglix include OfBusiness, Infra.Market, Zetwerk, Udaan, ZKH Group and 7 more.
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Compare Moglix to Competitors
Infra.Market offers construction solutions for business-to-business (B2B) and retail outlets. The company offers a technology-enabled e-commerce platform for construction materials, focusing on private-label construction.The company addresses concerns around pricing transparency, unreliable quality, fragmented vendor base, and more. It was founded in 2016 and is based in Thane, India.
Zetwerk is a manufacturing services provider specializing in the production of precision parts and capital goods across various industries. The company offers a range of custom manufacturing services, including CNC machining, injection molding, and die casting, to produce high-quality components and assemblies. Zetwerk primarily serves sectors such as aerospace, defense, energy, utilities, and construction. It was founded in 2018 and is based in Bengaluru, India.
OfBusiness provides an online marketplace for business-to-business (B2B) commerce. The company sells products such as chemicals, steel, cement, agriculture, textile, solar, and more. It was founded in 2015 and is based in South Delhi, India.
Udaan focuses on the trade ecosystem. It operates in the e-commerce and B2B sector. The company offers a platform for small and medium businesses, traders, wholesalers, retailers, and manufacturers, providing them with insights into trends and helping them to scale their businesses. Udaan primarily serves the e-commerce industry. It was founded in 2016 and is based in Bengaluru, India.
JD MRO specializes in industrial procurement services, focusing on the facilitation of specialized purchasing scenarios across various industries. The company offers a comprehensive range of industrial products and aims to enhance the visibility of industrial goods and brands through its industry portal. JD MRO primarily serves the manufacturing sector with a focus on MRO (Maintenance, Repair, and Operations) procurement for large clients. It was founded in 2018 and is based in Beijing, Beijing. JD MRO operates as a subsidiary of JD.com.
YESMRO is a distributor of industrial products, specializing in the field of industrial automation. The company offers a wide range of products including components for factory automation, mechanical standard parts, low-voltage power distribution equipment, and industrial control products. YESMRO caters to various sectors of the economy, providing essential supplies for the efficient operation of industrial and manufacturing processes. It was founded in 2016 and is based in Shanghai, Shanghai.
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