Ratan Tata invests in B2B market Moglix
Tata Sons Chairman Emeritus Ratan Tata has invested an undisclosed sum in business-to-business (B2B) e-commerce company Moglix. Founded in 2015 by former Google employee Rahul Garg, Moglix aims at allowing procurement of industrial products across various countries. The marketplace for business and industrial supplies had previously raised $1.5 million from Accel Partners and Jungle Ventures.