There is a lot of buzz about India’s e-commerce battle between Walmart, which bought Flipkart for $17 billion, and Amazon. But over in the B2B space, Moglix — an e-commerce service for buying manufacturing products - now wants to revolutionize this and has huge expansion plans up on its anvil. The startup which last raised $23 million in funding counts Accel Partners, Jungle Ventures and World Bank-affiliated IFC as its investors. It's other backers include Venture Highway, ex-Twitter VP Shailesh Rao, InnoVen Capital and Ratan Tata. Mint's startup Diaries gets into a conversation with Rahul Garg, Founder, Moglix. Also, E-commerce major Flipkart’s Chief Executive Officer (CEO) Kalyan Krishnamurthy has made a personal investment in B2B e-marketplace Moglix. His first individual backing of a company in the B2B e-commerce space.
14 Oct 2019Future Retail today posted a 3.56% rise in net profit at 153.12 crore for the quarter ended 30 June 2018, against a net profit of 147.85 crore in the same period a year ago
1 min read9 Aug 2018Rahul Garg, who has 16 technology patents to his name, says he has attempted to codify his learning mechanism
3 min read2 Sep 2021The goods and services tax (GST) roll-out has evoked positive reaction from India Inc. Here's what top business leaders are saying
4 min read1 Jul 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared