Business-to-business (B2B) marketplace unicorn Moglix has acquired eco-friendly paper manufacturer Khatema Fibres for ₹80 crore (approximately $9.4 million) to enhance its sustainable packaging offerings and industrial procurement leadership.
The acquisition supports Moglix’s mission to strengthen local infrastructure and unlock new market opportunities for farmers and artisans, fostering community development. It aligns with the company’s expansion initiatives, including the recent rollout of Next Day Delivery services in over 12 cities, with plans to scale to 40 cities.
Founded in 1990, Khatema Fibres specializes in manufacturing sustainable paper products with an annual capacity of 50,000 metric tons. Its product range includes high-strength kraft paper, interleaving paper, machine-glazed and machine-finished papers, tissue variants, sublimation paper, virgin test liners, and food-grade packaging solutions.
Moglix, founded in 2015 by Rahul Garg, operates a comprehensive online platform offering electrical supplies, power tools, motors, and medical equipment. With an eye on market diversification, Moglix plans to integrate Khatema Fibres into its portfolio and expand into five additional manufacturing categories to bolster efficiency, reduce lead times, and ensure reliable delivery.
The acquisition complements Moglix’s recent $50 million investment in its supply chain financing arm, Credlix, aimed at expanding its footprint in the US and Mexico. Backed by investors such as Tiger Global, Sequoia Capital India, Falcon Edge Capital, and Harvard Management Company, Moglix continues to cement its position as a leader in industrial procurement and sustainable business solutions.
