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Business

Startup Moglix bets on growth spurred by India's GST

Founder aims to disrupt backward industrial procurement with software solutions

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Employees sort packages at a Moglix distribution center warehouse in New Delhi on June 15.   © Reuters

MUMBAI -- Moglix, a B2B e-commerce startup backed by industrialist Ratan Tata, aims to multiply revenue more than 20-fold to over $10 billion by 2025 following the rolling out of India's goods and services tax (GST) on July 1 -- a development expected to improve organized distribution of industrial products.

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