B2B industrial products online marketplace and unicorn Moglix has appointed Sanjeev Arora as its chief financial officer as it plans a public listing, while Singapore treasury management platform Finmo has named Mansi Chopra as its new chief marketing officer.
Tiger Global-backed Moglix appoints new CFO
Moglix, a B2B industrial products online marketplace and unicorn backed by Tiger Global, has appointed Sanjeev Arora as its new Chief Financial Officer, according to an announcement.
In this role, Sanjeev will lead the company’s financial strategy and operations, with a focus on capital planning and advancing its long-term growth journey, including preparations for entry into public markets.
Sanjeev has experience in industries such as automotive, chemicals, consumer goods, telecom, and FMCG. His career spans key roles at organisations including ASK Automotive, Mosaic, Goodyear, Nokia, and Apollo International.
At ASK Automotive, Sanjeev served as Senior Vice President – Finance, playing a pivotal role in taking the company public. He led IPO readiness, collaborated with global advisors, and managed investor communications and regulatory engagements.
Earlier, as CFO and Board Member at Mosaic India, he was responsible for spearheading financial operations, developing business strategies, leading M&A initiatives, building business intelligence, driving digitization efforts, and managing enterprise risk.
He also held senior finance leadership roles at Goodyear India, where he oversaw financial planning and controllership in a publicly listed manufacturing setup, along with prior stints at Nokia, Apollo, and ConAgra.
Founded in 2015 by Rahul Garg, Moglix provides digital procurement and supply chain solutions across industries through its e-commerce platform. The startup caters to both large players and small and medium enterprises (SMEs) in the manufacturing industry. Moglix operates in India, the UAE, and Singapore.
The group mainly earns from the sale of business and industrial goods and services, commission on online sales, support services, information technology, and consultancy fees, among others.
DealStreetAsia had reported earlier that Moglix trimmed losses by almost 8% year-on-year in the financial year ended March 31, 2024.
Moglix is backed by Tiger Global, Sequoia Capital, Accel Partners, the International Finance Corporation, and Harvard Management Company. Some of its competitors include B2B startups Udaan, Zetwerk, Bizongo, and Ofbusiness.
SG treasury management platform Finmo appoints CMO
Singapore treasury management platform Finmo has appointed Mansi Chopra as its new Chief Marketing Officer.
With more than a decade of global marketing experience, Mansi brings a proven track record of building and scaling high-growth fintech brands. She has spent the last 10+ years at the forefront of the global payments industry, holding senior marketing roles at Nium, Thunes, and Ant International, where she helped drive international growth, brand development, and customer acquisition across Asia and Europe.
She joins Finmo at a pivotal moment as the company accelerates its international expansion following its $18.5 million Series A funding round, co-led by PayPal Ventures and Quona Capital.
In her new role, Mansi will lead Finmo’s global marketing strategy, overseeing brand development, product marketing, growth initiatives, and customer experience. Her appointment reinforces Finmo’s commitment to delivering world-class marketing as the company scales its platform across key markets in Asia-Pacific and beyond.
In February this year, Finmo raised $18.5 million in its oversubscribed Series A funding round co-anchored by fintech investors Quona Capital and PayPal Ventures.
The fundraising, which was also backed by Citi Ventures, brings Finmo’s total funding to date to $27 million, per the announcement.
Founded in 2021, Finmo aims to simplify treasury operations for companies of all sizes, particularly in Asia Pacific and beyond. Its Treasury Operating System (TOS) streamlines payments, improves cash flow visibility, and manages foreign exchange risks.
