Moglix eyes 20% of east mkt in 1 yr

Rahul-Garg-Founder

Moglix eyes 20% of east mkt in 1 yr

Kolkata: Ratan Tata-backed B2B player Moglix has quietly forayed into eastern India, starting with Kolkata. With a planned investment of $1 million over the next 12 months at the Kolkata centre, the industrial commodities procurement firm looks to capture around 20% of the market in the east over the next year.

Moglix to expand to more towns

Moglix to expand to more towns

Moglix, the Ratan Tata-backed B2B e-commerce start-up, is looking to expand to more towns and set up warehouses to tap into the ‘growth spurt’ in online procurement of industrial products. The company plans to add five-to-seven warehouses and increase its penetration by entering at least 7-8 industrial manufacturing towns over the next 12-18 months.