Moglix Expands Operations To Dubai, Following Abu Dhabi Expansion
Moglix enables enterprises across the Manufacturing, Oil & Gas, and Infrastructure sectors to transform their end-to-end supply chain, from procurement to distribution. Through their digital platform, supplier and buyer network, and logistics strength, they bring down the cost, enhance sales, improve operational efficiency, and make the supply chain touchless. Moglix recently raised its Series E […]
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Moglix enables enterprises across the Manufacturing, Oil & Gas, and Infrastructure sectors to transform their end-to-end supply chain, from procurement to distribution.
Through their digital platform, supplier and buyer network, and logistics strength, they bring down the cost, enhance sales, improve operational efficiency, and make the supply chain touchless. Moglix recently raised its Series E round of funding led by Falcon Edge Capital through their Abu Dhabi, based Alpha Wave Ventures, making it the first B2B Commerce unicorn in the manufacturing sector, with total funding of $220 Million and a valuation of $ one Billion.
Moglix has established its operations in the Khalifa Port Free Trade Zone (KIZAD) in the heart of Abu Dhabi’s industrial area. It is collaborating closely with large manufacturing enterprises across the country to simplify indirect procurement and enable tech-led supply chains. It has also launched its B2B eCommerce platform, moglix.ae which will start to provide a digital catalog of 500,000 industrial products across 50 plus categories over the next few months. The Dubai office manages the company’s customer base in Dubai and the Northern Emirates.
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Speaking on the company’s decision to enter the UAE, Moglix’s Founder & CEO Rahul Garg said, “We are excited to be in the UAE. UAE is a gateway to the GCC and a major hub of global commerce and innovation with a vision to transform into a digital economy. The UAE government’s mission and investment in digital upskilling are unmatched and we are looking to collaborate with local talent to jointly drive digital transformation. Our vision to build the operating system for commerce is closely aligned with the Digital UAE initiative to make the UAE a Smart Country and we are looking forward to empowering stakeholders to achieve this goal.“
Navroz D. Udwadia, Co-Founder, Falcon Edge Capital, an investor in Moglix, said, “Moglix seamlessly connects suppliers with a fragmented buyer base through its data science-driven technology. Moglix demonstrates immense value addition to the manufacturing sector and has proven tangible ROI in India which can be scaled globally, and is building a business with robust and sustainable unit economics. Our fieldwork indicated significant procurement and efficiency benefits to buyers as well as scale and reach benefits to suppliers. Moglix will bring the same engine of innovation and excellence to the manufacturing ecosystem in the Middle East, creating growth opportunities for suppliers and manufacturers.”
