Top Updates : Leading industrialist
Ratan Tata has invested in Moglix, an e-commerce organization specialising in B2B procurement of industrial products, continuing his slew of investments in startups to the whole world. This is Tata's 6th investment this year after investing in five organizations -- DogSpot.in, CashKaro, FirstCry, Tracxn and Teabox -- past month. Tata spent an undisclosed amount in the organization and with his expertise and keen interest in the segment, Tata will play an important role in mentoring Moglix on growth of business, world wide expansion and leadership, Moglix told in a report.
He contributed that globally, top manufacturers camp up towards adoption of technology for procurement and sales but Indian manufacturers have been slow to adopt technology, leading to process inefficiencies and limited marketing exposure.
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