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Moglix was founded in 2015 by IIT Kanpur alumnus and ISB graduate Rahul Garg. The platform facilitates procurement of industrial goods equipment and MRO (maintenance, repair and operations) supplies by companies as well as suppliers.

New Funding: Moglix valuation doubles to $2.6 billion

Earlier, Zomato had revealed an ambitious plan to invest $1 billion in fresh capital into start-ups that will help it build adjacent businesses in sectors, including hyperlocal commerce, logistics, point-of-sale services and EV fleets.

Zomato invests $20 million to acquire minority stakes in AdOnMo, UrbanPiper

Bace Capital had invested around $3 million in AdOnMo in December 2019 for a 13% stake in the adtech start-up.

By FE Bureau

Updated: January 28, 2022 10:06 pm

How this travel company remained alive after Covid grounded international flights

Ease of Doing Business for MSMEs: The company was the exclusive General Sales Agent (GSA) for 11 international airlines in…

By Sandeep Soni

Updated: January 27, 2022 9:56 pm

Microsoft launches initiative for SMBs to acquire digital skills for tech adoption

Technology for MSMEs: Centralising all its relevant skill-building resources, the initiative is built on the company’s global skills initiative that Microsoft said had helped…

By FE Online

Updated: January 27, 2022 5:53 pm

MSME Budget 2022 Expectations: Three key areas experts say FM Nirmala Sitharaman must address

Ease of Doing Business for MSMEs: Despite credit-related measures announced by the government since Covid struck in 2020, a large…

By Sandeep Soni

Updated: January 27, 2022 3:06 pm

o9 Solutions raises $ 295 million funding from General Atlantic, others

This marks an increase from the USD 1 billion valuation in April 2020 at the time of the company’s first-ever…

By PTI

Updated: January 26, 2022 8:33 pm

MP to soon launch new start-up policy backed with venture fund

To support start-ups, the state government will establish a venture capital fund and through it, innovative ideas in business will…

By PTI

Updated: January 26, 2022 8:20 pm

The current round takes the total investment in the company to over $110 million. (Representative image)

Darwinbox joins the unicorn club with $72 million fresh funding

The round also saw participation from existing investors Salesforce Ventures, Sequoia India, Lightspeed India, Endiya Partners, 3One4Capital, JGDEV and SCB10X.

Updated: January 25, 2022 11:50 pm

How this little-known Faridabad-based manufacturer ‘geared’ itself up for India’s LCA Tejas fighter jet

Ease of Doing Business for MSMEs: Designed by the Aeronautical Development Agency under the Department of Defence Research and Development Organisation (DRDO) and manufactured by HAL, the…

By Sandeep Soni

Updated: January 25, 2022 9:04 pm