Moglix: eCommerce company selling industrial tools and safety equipment.

B2B buyers with this platform are looking for wide selections at great values; sellers should be prepared to offer deep discounts on bulk purchases.
All EU companies must supply their VAT number when purchasing to avoid this charge.
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  • Thomas began as a print directory in the 1800s, and has transformed into a major digital marketplace for engineering and manufacturing products in North America.
  • Since marketplaces give a large amount of benefits for sellers, brands need to prepare to face competition.
  • it is possible to filter products by brand and price.
  • It has also set up 3,000 manufacturing plants across India, Singapore, UK and UAE.

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The Ratan Tata backed company today boasts of a catalog with more than 450,000 products.
From electricals, lighting, power tools to cleaning supplies, Moglix boasts a wide selection of items from a few of the leading brands.

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These include subscription fees, featured ads, transaction fees, listing fees.
Still, as customer acquisition charges for paid search and social media rise, these marketplace fees may end up being relatively lower in comparison.
Marketplaces may also help newer brands rank higher in search engines.
There exists a better chance of products getting on the first page of Google through an established marketplace that’s well optimised, pitched against a new company website which will need more time to rank.
This relatively new wholesale marketplace is quickly becoming a fan favourite in the B2B world.
Based in the US, with offices in China, Nigeria, and Pakistan, the platform has a robust product base and 500,000+ registered users.
Their point of difference is that they offer additional in-house advertising packages and assistance in optimising listings to greatly help sellers take full advantage of the platform.

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These platforms also provide you with the tools needed to easily show related products along with other models with additional features, making cross-selling and up-selling effortless.
Moglix is a B2B marketplace that focusses on equipment, such as machinery, industrial tools and safety supplies.
Right now, the platform focusses on buyers and sellers in India only.
A finance professional for over 2 decades, the Moglix CFO believes that two major factors that are often ignored by most financial heads at companies are growth and governance which play an important role in the journey.
He stated that Indian companies have yet to

Personalize which data points you wish to see and create visualizations instantly.
Reach a large number of buyers who use CB Insights to recognize vendors, demo products, and make purchasing decisions.
E-commerce could be conducted over computers, tablets, or smartphones.
Moglix landed $120 million in new funding, bringing its valuation to a billion dollars to transform the business into a new unicorn.

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Reported a revenue of INR 378 Cr in the financial year 2020, representing a 74% increase from INR 217 Cr reported in FY19.
Through the period, Moglix’s total expenses also raised 72%, from INR 265 Cr in FY19 to INR 456 Cr in FY20.
While the revenue growth was higher, the company’s net loss risen to INR 78 Cr in FY20, an increase of 62.5%, from INR 48 Cr in FY19.

bankers’ side.
This means ensuring the company gets audited quarterly, calling the right set of investors while focusing on the company’s position on the market and its own various finance operations.

If your company’s manufacturing is done in China, DHGate is a superb platform to consider as it is a trusted platform for China-based wholesalers across all industries.
DHGate also maintains warehouses in america and UK, rendering it better to reach customers in those countries.
B2B e-commerce

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