Moglix Raises Seed Funding

moglixMoglix, a Noida, India-based marketplace for industrial tools, raised a seed funding rumored around $1.5m.

Backers included led by Accel Partners and Jungle Ventures.

The company intends to use the funds to advance the platform and expand operations across Asia.

Founded in 2015 by Rahul Garg, Moglix operates a platform featuring an assortment of industrial goods and products (such as power tools, hand tools, adhesives, safety & security and electricals) from top global and Indian brands for customers across India.



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