Enterprise-to-business (B2B) ecommerce platform for industrial items,on Tuesday introduced the acquisition of ADI’s India distribution in a bid to develop into industrial items distribution.
Put up acquisition, Moglix will combine all ADI India’s choices, gross sales partnerships, on-ground belongings and the workforce into its international provide chain ecosystem.
Moglix has acquired ADI’s India distribution enterprise with an intention to strengthen its product portfolio throughout video surveillance, entry management and hearth management merchandise.
“The combination of ADI India’s distribution community aligns with Moglix’s imaginative and prescient to create India’s largest distribution community for OEM manufacturers throughout classes and take Indian manufacturing provide chain capabilities to the world,” stated. Rahul Garg, Founder & CEO, Moglix.
In January this yr, Moglix reached a valuation of $ 2.6 billion after receiving funding of $250 million from the F sequence funding spherical.
At the moment, its international sourcing and supply footprint spans throughout over a 1000 giant enterprises, 500,000+ MSMEs and 18,000+ suppliers throughout India and the Center East.