Flipkart CEO invests in Moglix

Moglix’s existing investors include Accel Partners, Jungle Ventures, Venture Highway and IFC

E-commerce major Flipkart’s Chief Executive Officer (CEO) Kalyan Krishnamurthy has made a personal investment in B2B e-marketplace Moglix. This is Krishnamurthy’s first individual backing of a company in the B2B e-commerce space.

Krishnamurthy, who also holds overall responsibility for leading fashion portals Myntra and Jabong, said in a statement, “I am happy to join the Moglix team as an investor in my personal capacity. Moglix, under Rahul’s leadership, has charted impressive growth in the B2B commerce space and is creating meaningful impact on the manufacturing industry through innovative use of technology. It is gratifying to be able to support this home-grown industrial B2B leader at this important juncture.”