Most unicorns are from the B2C segment, but Rahul Garg decided to giving manufactuing a filip by building an industrial goods platform to help enterprises. And in six years, he’s built Moglix into a unicorn—his third one.
“The firm has done quite well, especially given the fact that the B2B market, though it has been around for many years, hasn’t had the same impact or mind share as B2C,” says Yugal Joshi, vice president of Everest Group, a Dallas-based consultancy firm. “What is also interesting is unlike peers, especially in B2C, Moglix isn’t burning cash to chase revenue. Though it isn’t profitable, its losses haven’t ballooned.”