In just under a decade, Moglix has transformed from a bold idea into one of Asia’s most prominent B2B eCommerce and supply chain platforms. Founded by Rahul Garg in 2015, this Indian-origin startup now boasts a $2.51 billion valuation and serves over 500,000 small and medium businesses (SMBs) and 3,000 enterprises globally. With powerful backing from industry titans like Ratan Tata, Moglix is leading the digital transformation of procurement and supply chain management.
Rahul Garg: The Visionary Founder
Rahul Garg, the founder and CEO of Moglix, grew up in Faridabad and always had a strong interest in India’s manufacturing sector. While working at Google in the AdX division across India, SEA, and Korea, he noticed inefficiencies in traditional procurement systems. A shift from digital advertising to supply chain innovation came naturally to him as he saw untapped opportunities to digitize B2B commerce. Inspired by global market potential and tech-enabled solutions, Rahul moved to Singapore and founded Moglix with a clear mission—to simplify industrial procurement through technology.
Building a Tech-Driven B2B Ecosystem
Moglix launched as a B2B eCommerce platform offering industrial products and supplies. The company created a seamless supply chain ecosystem by integrating 16,000+ suppliers and offering over 450,000 SKUs across 40+ categories including MRO (Maintenance, Repair & Operations) and packaging. Moglix now serves customers across India, Singapore, the UAE, and Europe through its 40+ warehouses and extensive last-mile logistics network.
Diversified Business Model
Moglix has evolved into a multi-service business platform:
- Moglix Business: A marketplace that connects suppliers with manufacturers, offering enterprise-grade procurement for companies like Havells, Tata Chemicals, Yamaha, and GSK.
- Moglix SaaS: A software solution for contract lifecycle management. Its iCAT platform, co-created with Unilever, is used by 1,500+ professionals across 100 countries.
- Credlix: A fintech arm providing collateral-free working capital loans to over 15,000 suppliers.
This diversified model has helped Moglix establish resilience and scale across industries and geographies.
Revenue Model and Monetization
Moglix earns revenue through multiple channels:
- Product sales on its platform
- Commission on transactions between buyers and suppliers
- Subscriptions to Moglix SaaS software
- Financing and loan interest via Credlix
This mix ensures stable cash flow and scalability without over-reliance on one vertical.
Strategic Collaborations and Global Reach
The company’s collaboration with Unilever to develop iCAT and partnerships with 3,000+ enterprises have significantly enhanced its global visibility. With over $472 million raised in funding and the support of investors like Ratan Tata, Moglix has become one of India’s most recognized unicorns. Its operations span 25,000+ pin codes and continue to grow with focused expansion into Europe, the Middle East, and Asia.
Technology at the Core
Moglix leverages AI and ERP integration to bring transparency and automation to supply chains. Features include real-time procurement tracking, contract management, and cloud-based tools for data centralization. These digital innovations reduce errors, improve decision-making, and streamline end-to-end supply chain processes.
Future Roadmap
Looking ahead, Moglix plans to scale operations in over 120 countries by tapping into manufacturing-heavy economies. The company is investing heavily in AI, machine learning, and automation tools to further optimize the global supply chain. By helping small and medium businesses digitally transform, Moglix aims to create a globally connected and tech-enabled industrial ecosystem.
Wrapping Up
From a startup tackling procurement pain points to a global force disrupting supply chains, Moglix's journey is a powerful example of what vision, execution, and technology can achieve. Rahul Garg’s bold leap from tech executive to entrepreneur sparked a ripple effect across India's industrial landscape. Today, Moglix is not just a unicorn—it’s a movement that’s reshaping how the world thinks about B2B commerce, one digital transaction at a time.
Frequently Asked Questions (FAQs)
Q1. What services does Moglix offer to businesses?
Moglix provides B2B eCommerce for industrial products, contract lifecycle management software (Moglix SaaS), and financing solutions through Credlix.
Q2. How did Moglix reach a $2.51 billion valuation?
The company combined technology innovation, a diverse business model, global expansion, and strategic partnerships with large enterprises like Unilever and support from investors like Ratan Tata.
Q3. Who is the founder of Moglix and what inspired him?
Rahul Garg, a former Google executive, was inspired by inefficiencies in India's manufacturing sector and wanted to digitize B2B supply chains.
Q4. What industries does Moglix cater to?
Moglix serves a variety of industries including manufacturing, retail, fashion, hospitality, and chemical with products and tech-driven procurement services.
Q5. What are Moglix’s future plans?
The company plans to expand into 120+ countries, enhance AI tools, and empower SMEs globally by offering digital solutions to transform their supply chains.