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Thursday, August 5, 2021

Moglix on constructing India’s catalogue

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Good morning,

“India operated pretty much without catalogues pre-Moglix. I would take the liberty of saying that Moglix is the catalogue for India, says Moglix Founder and CEO Rahul Garg.

In May, Moglix entered the much coveted Indian unicorn club at a valuation of $1 billion after raising a Series E funding round of $120 million, led by Falcon Edge Capital and Harvard Management Company (HMC). 

Launched in 2015, the Singapore-based B2B ecommerce platform for manufacturing goods. With close to 5,00,00 stock-keeping units (SKUs) on the platform and over 28 warehouses, the startup claims to be the largest ecommerce platform of industrial goods in India. 

In a recent conversation with YourStory, Rahul shared his journey to becoming a unicorn, building a B2B ecommerce business in the fragmented manufacturing sector, and nurturing the internal company culture at Moglix as a single founder. Read more.

Editor’s Pick: 9Unicorns — a ‘founder-first investment firm’

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Dr Apoorva Ranjan Sharma, who founded incubator Venture Catalysts in 2016 to support and mentor idea-stage startups, decided to launch investment firm 9Unicorns in 2019. 

With Rs 500 crore in total disbursement, the firm has so far invested Rs 100 crore in over 60 startups. A good chunk of the investments is made in startups beyond metro cities as Apoorva feels “startups from Tier II, III, and IV cities have sustainable business models and innovative ideas”. Learn extra.

Dr Apoorva Ranjan Sharma (proper, sitting) together with his 9Unicorns workforce

Startup Highlight

Jaipur startup Mittihub pushing innovation in terracotta craft

Abhinav Agarwal from Jaipur, Rajasthan, was doing his undergraduate research in entrepreneurship from the town’s International Centre for Entrepreneurship and Commerce when he realised that entrepreneurship doesn’t lie between the pages of a ebook alone.  

Even earlier than finishing their commencement, Abhinav alongside together with his buddy Megha Joshi, launched Mittihub, a startup to revive the dying artwork type of terracotta pottery. Learn extra.

Information & Updates

Earlier than you go, keep impressed with… 

“Anybody comes with an axiom, do not listen to those people because we should operate on theorems, we should not work on axioms in life.” 

—  Rahul Garg, Founder and CEO, Moglix 

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