Unicorn Moglix, a leading player in the business-to-business marketplace, has acquired Khatema Fibres, an eco-friendly paper products manufacturer, for ₹80 crore (approximately $9.4 million).
This strategic move bolsters Moglix’s offerings in sustainable packaging while reinforcing its position in the industrial procurement sector. The acquisition is expected to enhance local infrastructure, create new market opportunities for farmers and artisans, and contribute to community development. It aligns with Moglix’s recent launch of Next Day Delivery in over 12 cities, with plans to expand the service to 40 cities soon.
As part of its growth strategy, Moglix plans to diversify into five new manufacturing categories. The company aims to integrate its operations further, streamline lead times, and improve delivery efficiency, reflecting its commitment to innovation and operational excellence.
Founded in 1990, Khatema Fibres specializes in manufacturing sustainable paper products with an annual production capacity of 50,000 metric tons. Its portfolio includes high-strength kraft paper, interleaving paper, machine-glazed and finished papers, tissues, sublimation paper, virgin test liners, and food-grade packaging solutions.
Moglix, established in 2015 by Rahul Garg, operates an online platform offering products such as electrical supplies, power tools, motors, and medical equipment. The company raised $120 million in a Series E funding round in 2021, co-led by Falcon Edge Capital and Harvard Management Company, with participation from Tiger Global, Sequoia Capital India, and Venture Highway. Moglix has also invested $50 million in its supply chain financing arm, Credlix, to expand its presence in the US and Mexican markets.
This acquisition marks a significant milestone in Moglix’s journey, reinforcing its commitment to sustainability and expanding its global footprint.
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