Moglix joined the Unicorn Club on May 17, 2021 after raising a $120 million Series E funding round, reaching a $1 billion valuation. Headquartered in Singapore, Singapore, Moglix provides B2B procurement and supply chain solutions for industrial products, enabling businesses to source equipment, tools, and supplies at scale.
The platform supports bulk purchasing, competitive pricing, and end to end supply chain management for enterprises.
Keep reading to learn how Moglix became a multi billion dollar B2B commerce leader.
What Is Moglix and What Does It Do?
Founded in 2015, Moglix is a B2B e commerce and supply chain platform focused on industrial procurement. The company serves enterprises across manufacturing, infrastructure, and services sectors.
Moglix offers products including electricals, safety equipment, power tools, office supplies, and industrial consumables. Its platform enables bulk procurement, supplier discovery, pricing optimization, and digital supply chain workflows for businesses.
How Much Funding Has Moglix Raised?
1. Series E Round
- Amount Raised: $120 million
- Date: May 2021
- Valuation: $1 billion
- Lead Investors: Harvard Management Company, Alpha Wave Global, Peak XV Partners
- Purpose: Scale technology, expand global operations, and strengthen enterprise solutions
2. Series F Round
- Amount Raised: $250 million
- Date: January 2022
- Valuation: $2.51 billion
- Purpose: Accelerate growth, expand product offerings, and strengthen supply chain infrastructure
Total Funding Raised: $471 million Latest Funding Date: January 2022 Latest Known Valuation: $2.51 billion Employee Count: 4,166 as of October 2024
Key Investors
- Tiger Global Management
- Details: Global investment firm backing high growth technology companies
- Focus Areas: Internet, software, e commerce, and enterprise platforms
- Alpha Wave Global
- Details: Investment firm focused on growth stage technology companies
- Focus Areas: Technology enabled platforms, enterprise solutions, and global scale ups
- Peak XV Partners
- Details: Venture capital firm supporting category defining startups
- Focus Areas: Technology, SaaS, fintech, and B2B platforms
- Harvard Management Company
- Details: Investment arm managing Harvard University’s endowment
- Focus Areas: Long term investments across public and private markets
Where Is Moglix’s Headquarters?
Moglix is headquartered in Singapore, Singapore, supporting its global operations, technology development, and enterprise customer base.
What’s Next for Moglix?
Moglix plans to deepen its B2B commerce capabilities, expand supply chain financing and digital procurement tools, and grow its presence across international markets. The company is focused on improving operational efficiency for enterprises through data driven procurement and supply chain automation.
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