An Asia-based e-commerce company specializing in the B2B procurement of industrial products, Moglix has roped in Jeff Epstein, Operating Partner at Bessemer Venture Partners and former CFO of Oracle, to its Board of Advisors.
Epstein is based out of Bessemer’s Menlo Park office in the US and leads the Venture’s CFO Advisory Board. He specializes in marketplaces, B2B SAAS, and advertising technology companies.
Commenting on the development, Rahul Garg, Founder & CEO, Moglix, said:
It is our privilege to have Jeff on board, his expertise in B2B marketplaces and enterprise SaaS is second to none. Having advised a number of technology companies, Jeff understands the need of cutting-edge technology in achieving operational excellence, compliance and governance.
Further adding to that, he said:
Jeff is an extremely valuable addition to our Board of Advisors and with his guidance our dream of disrupting the manufacturing space through innovative technology seems even more close to being achieved.
Moglix is a marketplace player that is helping organizations transform Commerce and Supply Chain with Technology. It helps in the procurement of industrial products such as MRO, Fasteners, Electrical, Hardware, Pneumatics and Safety items etc.
Jeff Epstein with his more than 25 years of experience in senior financial and management positions at leading enterprises like DoubleClick (acquired by Google), King World Productions (acquired by CBS) and Nielsen’s Media Measurement and Information Group, has helped enterprises with product strategy and marketing efforts.
Jeff’s expertise in global operations and finance is expected to help Moglix in Global outreach. Jeff Epstein is said to be excited to be associated with the company that is aiding a digital revolution in India’s manufacturing sector. Commenting on that, he said:
Much is happening in the digital landscape of India and the market, if tapped correctly, has exponential growth prospects. Moglix seems to have caught with the pulse of time having stepped into the next growth phase with the launch of GreenGST, aligning their offerings to demands of digital technology in manufacturing, and collective move towards ease of doing business. I am tremendously happy to be a part of the team and look forward to helping them grow
While the firm continues to grow and has already built strong global SAAS technology and working with SAP as a partner, the association with Epstein will help Moglix strengthen ties with Oracle and bring finesse to the Moglix Digital Supply Chain Global offerings.
Commenting on this, Rahul said:
Moglix has been a part of the SAP Startup Studio since 2016, and with Jeff coming onboard, we will look at building innovation on top of SAP and Oracle.
To further the global supply chain technology ambition, the company’s Board of Advisors has Manufacturing and Technology stalwarts like Tata Group Chairman Emeritus Ratan Tata, who since inception has backed Moglix as his maiden investment in B2B e-commerce domain, and Sailesh Rao, Ex-VP, Twitter, Ex- Google, who works with Moglix on product advisory.
The announcement comes shortly after Moglix’s Series B round of funding of $12 million from International Finance Corporation (IFC), a member of the World Bank Group, Rocketship vc., and existing investors Accel Partners, Jungle Ventures and Venture Highway, indicative of the company’s value proposition a winner in the ecosystem.