Investment done by TATA in e- commerce company Moglix

Leading industrialist Ratan Tata has invested in Moglix, an e-commerce company specialising in B2B procurement of industrial products, continuing his slew of investments in startups across the world.This is Mr. Tata’s sixth investment this year after investing in five companies —, Tracxn, CashKaro, FirstCry and Teabox in January.Mr. Tata has invested an undisclosed amount in the company and with his expertise and keen interest in the sector, he will play an important role in mentoring Moglix on business growth, global expansion and leadership, Moglix said in a statement.

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