Ratan Tata funded Moglix, a B2B e-commerce platform that is transforming business for manufacturing companies through its SAAS-based digital procurement services, has released a short video on the changing dynamics of the economy and the role Moglix is playing in enabling the building of India 2.0.
The essence of the video conveys Moglix’s role in making manufacturers in India world ready with its technology expertise and supply chain efficiency.
The video highlights and traces the emergence of Indian companies in adopting technical innovations of international standards. The emergence of progressive reforms like Digital India, Make In India, Good & Service Tax (GST) are making way for a new India that is advanced and superior – India 2.0.
Digital India is ushering in a new era of connectivity, transparency, and convenience; Make In India is attracting the best of brands and technological giants from across the world to invest and manufacture in India; and the much sought after GST will dissolve many layers of double taxation and enable ease of business, leading India to an exponential growth of $15 billion in the times to come.
Moglix is making investors and operators compliant to these unprecedented reforms by smartly integrating them into one technology.
Rahul Garg, Founder & CEO, Moglix, said, “Moglix with its digital procurement offering is a strategic partner to manufacturing companies in building India 2.0. driven by the vision of making India the 3rd largest manufacturing hub of the world by 2020, we at Moglix are gearing ourselves as enablers in realizing India’s dream of becoming a reformative and strong manufacturing economy. The disruption that Moglix will bring to the country’s manufacturing sector is what we want to communicate through this video.”
Moglix.com is an Indian B2B e-commerce marketplace that specializes in the B2B procurement of industrial products such as MRO, Fasteners, Electrical, Hardware, Pneumatics, Safety items and more. Its aim is to be the largest technology platform where demand and supply can be matched through price discovery and product availability.
Moglix was founded in August 2015 by Rahul Garg who was previously the Head of Advertising Exchange at Google Asia. Moglix is led by a group of young and motivated individuals passionate about shaping the manufacturing/ B2B commerce landscape in India.
Moglix has raised Series A and Seed funding of INR 38 CR from venture capital firms like Accel Partners, Jungle Ventures, SeedPlus and Venture Highway. The company is backed by Ratan Tata, Chairman Emeritus, Tata Sons as an investor. Recently, SAP Labs identified Moglix as its start-up tech partner for shaping B2B commerce in India.