E-commerce company Moglix has announced an undisclosed financial investment in the company by industrialist Ratan Tata. Tata has already made investments in many e-commerce and new-age technology enabled companies. Moglix specialises in B2B procurement of industrial products like MROs, Fasteners and industrial electricals with manufacturers across India, China and other Asian countries as partners.

Founded in August 2015 by former Google employee Rahul Garg, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe. The startup facilitates online convenience and enabling supply chain efficiencies in business purchasing.

Moglix recently raised Pre-Series A funding from Accel Partners and Jungle Ventures. The funds are being used to enhance the technology platform, build a deep supplier base as well as increase marketing spends across Asia.