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Havish Gupta

Stealth • 6m

Unique Startup Stories (12/20) Meet Moglix, an E-commerce platform to order Business & Industrial Supplies! About It • It was founded in 2015 in delhi by Rahul Garg, an Ex-Google employee who studied from IIT & ISB • It is an India's largest E-comm company focused towards B2B procurement of industrial supplies • it sells 5 Lakh+ goods in genre like Safety, Electricals, Lighting, Cleaning & Housekeeping, Power Tools, etc COMPETITION • IndiaMart is more focused on Wholesale while • Amazon also provides similar goods but Miglix is focused entirely on such industrial goods REVENUE 2023-24: $560 million 2022-23: $506 million 2021-22: $306 million 2020-21: $105 million Latest annual loss was ₹200 Crore Funding • It has raised total of $500 Million from 13 Investors like Ratan Tata, Sequoia Capital, Tiger Global, etc •In the recent Series F Round, it raised $250 Million from Tiger Global Valuaing it at $2.5 Billion. So do you think Amazon can beat it?

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Raised $250 million which is Rs. 2000 Crore for this AI pin and now after it flopped they want to sell it at $800 Mil - $1B (approx rs 8000 cr). Delusional founders. I feel sad for their investors. An influencer can really screw you up.

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Zomato Ceo Deepender Goyal has opened up about the lowest moment, his company faced when Swiggy raised $1 billion, and zomato was at $35 million only. He said that it was there we are dead moment in the company.

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Harsh Dwivedi

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