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The technological disruption observed in the B2B ecommerce segment has ushered in a series of changes

Moglix onboards Unilever, one of the world’s largest FMCG companies, as a client for its SaaS business, creating a contract automation tool for the Anglo-Dutch giant.

Flipkart’s Chief Executive Officer (CEO) Kalyan Krishnamurthy has made a personal investment in B2B e-marketplace Moglix.

Moglix announced the appointment of Sandeep Goel as the Senior Vice President – Technology. Sandeep will be responsible for bringing in a technology first thinking to the overall commerce business.

With marquee investors like IFC, Accel and Ratan Tata on its side, the Noida-based Moglix is a B2B industrial goods marketplace that aims to digitally transform the country’s supply chain of manufacturing sector.

Moglix, one of India’s fastest growing B2B commerce and logistics companies, on Monday said it has closed $23 million Series C funding from investors led by Accel Partners, Jungle Ventures, IFC and Innoven Capital.

The third round of funding comes about 15 months after the Singapore and Noida-based company, which also counts Accel India, Jungle Ventures, IFC and former WhatsApp senior executive Neeraj Arora among its list of backers, closed its $12million Series B funding.

Over the past decade, when everybody was focusing on solving problems of end consumers, Rahul Garg, founder and CEO of Moglix, was looking to find pain points of businesses and how to resolve them. He started out with a simple statement in 2015: “How can we re-imagine B2B commerce with technology?” And he entered a segment which had not seen innovation in a long while, and that is how the B2B e-commerce startup came in to being.