Business to Business (B2B) is the hot trending concept which is being utilized on building business relationship on the internet based platform. The B2B ecommerce can also be referred as the e-market, e-business which links the buyers and sellers in single platform.
In recent times, Indian nation experiencing the gradual growth in the Ecommerce industry especially in the B2B market place. Overall, the e-market concept is widely becoming popular all over the world. The Noida based Moglix has witnessing potential growth in recent times. Owing to that, the firm managed to collect more than $12 million in its Series B.
Statement Released by the MOGLILABS Pvt. Ltd
According to the reports released by the officials of the firm Moglix who is the existing investors of Accel Partners, Jugle Ventures, Venture Highway, the investment fund which the firm managed raise through the funding from IFC (International Finance Corporation), rocketship and also with the significant contribution from the world bank.
The statement also quoted the future plan of the firm, as far as the reports the funds which are being raised will be utilized for the strengthening the technological aspects of the firm and also for the infrastructure improvement.
Announcement from the Moglix CEO and Founder
Mr. Rahul Garg the founder of the Moglix CEO and Founder of the Moglix pointed that the raised whooping amount of $12million will help us to provide better services for our customers and also to serve better with the enhanced technical aspects and better infrastructure. The officials of the firm Moglix suggest that the supply chain management process carried by the company will be digitized.
On analyzing the B2B model of the firm, the Moglix follows the unique protocol over its manufacturing industrial products. As far as recent records, the firm successfully partnered with over 1500 manufacturers from nations like India, China and Taiwan.