News Update

Used Machinery Marketplace Vendaxo Acquired By Moglix, B2B Commerce Unicorn

• ByStartupStory     |    July 7, 2021

Used machinery marketplace Vendaxo acquired by Moglix, B2B commerce unicorn. Through the acquisition, Moglix said it wants to provide access to high value capital goods at economical prices to manufacturers.

“We are excited to welcome Vendaxo into the Moglix ecosystem. We started Moglix with the vision of providing doorstep access to high quality, affordable industrial products. The integration of Vendaxo with our platform is aligned with our vision to bring the ease and speed of ecommerce to the manufacturing sector,” said Rahul Garg, Founder and CEO, Moglix.

Further, Poonam Choudhary, Founder, Vendaxo said about the acquisition, “We are delighted to join the Moglix platform. Through Moglix, we will be able to provide solutions to a larger number of customers and on a much bigger scale. Our integration with Moglix will facilitate access to Moglix’s integrated suite of technology, credit lines, distribution network, and on ground supply chain capabilities for greater market penetration.”

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