Flipkart chief executive Kalyan Krishnamurthy has invested an undisclosed amount in B2B industrial goods marketplace Moglix in an individual capacity.
This investment comes after the company raised $23 million in Series C funding led by Accel Partners US and existing investor International Finance Corp (IFC) in December last year.
Moglix currently caters to both institutional customers (B2B) and individual customers (B2C) in the manufacturing sector. It currently focuses on the automotive, metals, mining, and fast-moving consumer durables (FMCD) markets and operates across 12 centres in the country.
The company has raised a total $41 million funding from investors like Accel Partners, Jungle Ventures, Venture Highway and InnoVen Capital.
Its advisory board includes Tata Group Chairman Emeritus Ratan Tata, former Oracle CFO Jeff Epstein, former Twitter and Google executive Shailesh Rao, JK Group director Vikrampati Singhania and former Netezza president & CEO Jim Baum.
