Moglix Raises Seed Funding Led By Accel Partners and Jungle Partners

 

Company Name : Moglix
Funding Amount :
Investor(s) Accel Partners Jungle Partners. .
Funding Round : Seed round


Moglix, a marketpace for industrial tools for B2b and B2C use has raised a seed funding from Accel Partners and Jungle Ventures.The funding amount was not disclosed but is expected to be roughly in the range $1-$1.5 mn.

Founded in 2015, the company has tie-ups with dealers in Delhi, Faridabad as well as with Chinese and Taiwanese suppliers. [source]

The company currently has 50 employees and procures after receiving orders.

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