Moglix plans ₹600-cr investment ahead of India IPO
Moglix, a Singapore-based B2B platform for industrial goods, is gearing up to spend ₹500-600 crore on new acquisitions in FY26—mainly to branch out into traditional manufacturing and eco-friendly packaging.
The company has already spent nearly ₹200 crore buying firms like Khatema Fibres.
With a $2.6 billion valuation, Moglix is eyeing an Indian IPO within two years.
Competing with OfBusiness and Zetwerk
Started in 2015 by Rahul Garg, Moglix runs an online marketplace for everything from industrial tools to packaging supplies—covering over 150 product categories.
Their mix of digital and offline channels helps fix supply chain gaps for manufacturers in India.
They also offer software and financing solutions, competing with companies like OfBusiness and Zetwerk.
IPO between 2026-2027
To prep for its IPO, Moglix brought in Sanjeev Arora as CFO in March 2025.
Last year, they pulled in ₹4,964 crore revenue and trimmed losses to ₹189 crore thanks to more automation.
The plan: bring bankers on board by late 2025 and aim for an IPO launch between 2026 and 2027.