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Moglix was founded in 2015 by Rahul Garg, a former Google executive and an alumnus of IIT Kanpur and ISB. [7] The company began its operations in August 2015 and received initial funding from Ratan Tata and Accel Partners in October 2015. [4] Initially, Moglix focused on B2B e-commerce before expanding into enterprise procurement and SaaS verticals
The first funding for Moglix was secured in October 2015 from Ratan Tata and Accel Partners. [2] [15] Under Garg's leadership, Moglix had a presence in 35 cities by 2020. [16] [17] The company reached a valuation of $2.6 billion by 2022. [4] [18] In 2023, Moglix reportedly laid off up to 3% of its employees. [19]
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