The procurement of industrial tools and equipment is often a very big challenge as they are produced by big brands as well as small companies. Locating the suppliers of these products has been a longstanding problem for buyers and consumers in general. Therefore, who wants to face the negative impacts of delays in sourcing to the production process? Delayed production process leads to delay in the supply of finished goods. Here is a Business-to-business e-commerce company, Moglix, that assists organizations in a hassle free online buying process and create an easy way to handle the industrial equipment procurement process.
As a Business-to-business e-commerce company, Moglix’s aim is to help companies make substantial savings in supplies, raise the efficiency level of their inventory management and help them to sustain their growth. From Lightings and Luminaries to Safety Shoes, Electricals, Power Tools, Electrical Equipment, CCTV Cameras, Measurement & Testing, Plumbing, Hand Tools, Abrasives, Cleaning, Hydraulics & Pneumatics, Paints & Coatings, Pumps & Motors and so on, where companies will have an option to choose from an assortment of options available here.
Users can navigate seamlessly through Moglix site and acquire information about any industrial product they are looking for. its e-commerce platform offers buyers with a wide selection of products to choose from along with a hassle free buying experience. Moglix has tied up with leading logistics companies to ensure timely delivery of industrial suppliers to the doorstep of its customers, covering over 22,000 pin codes across India. All the products listed on Moglix site are of genuine quality from authentic sources and are competitively priced.
The company offers the facility of cash on delivery (COD) to facilitate secure transactions along with other different modes of electronic payments. Moglix’s customer support team resolves all queries and grievances of customers. The company aims to make online business to business (B2B) and business to consumer (B2C) procurement a time saving and smooth process.
Recently Moglix has secured INR 28 crore in Series A funding from Accel Partners, Jungle Ventures, and Seedplus. With this transaction, Anurag Srivastava, Managing Partner, Jungle Venture Partners will be joining Moglix’s board. Specialized in the procurement of industrial parts, Moglix will utilize the funds to expand across major industrial hubs along with enhancing its technology platform. Earlier in October 2015, the company has raised Pre-Series A funding from Accel Partners and Jungle Ventures and in February 2016, an undisclosed financial investment by Ratan Tata. It currently has over 20,000 SME buyers and 100 large manufacturing houses who use its platform.
Moglix plans to expand its SME customer base to 100,000 and the manufacturers to over 1000 over the next 18 months. The company recently expanded its operations in West India with the launch of Pune office to cater to manufacturing companies in Gujarat and Maharashtra. Moglix also have plans to expand its footprint to South and East India in the coming one year and is targeting $100M+ revenue in the next three years.