B2B e-commerce unicorn Moglix eyes expansion, aims to break even in 12-18 months

Moglix Founder and CEO Rahul Garg. Picture credit: Moglix

It has been just over a year since industrial business-to-business (B2B) e-commerce player Moglix entered the unicorn club, and the company is busy chalking out plans to capture new markets, possibly as early as next year.

The company is also looking to break even (EBITDA positive) in the next 12-18 months. For reference, the company’s revenue grew 48.3% to $105.25 million in the financial year ended March 2021 as losses before interest and taxes dropped 32.2% to $10.74, according to data on DealStreetAsia’s DATA VANTAGE platform.

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