Rahul Garg
Rahul Garg | |
|---|---|
| Born | Faridabad, Haryana, India |
| Nationality | Indian |
| Education | Btech-Electronic Engineering Master of Business Administration (MBA) |
| Alma mater | IIT Kanpur The Indian School of Business (ISB) |
| Occupation | Entrepreneur |
| Title | Founder & CEO of Moglix |
Rahul Garg is an Indian entrepreneur and the founder of Moglix, an ecommerce platform for industrial goods and equipment headquartered in Singapore.[1] Moglix operates in regions such as India, the USA, the UK, Mexico, UAE and Europe.[2] In 2021, Moglix was recognized as a unicorn company in India.[3] By 2022, its valuation was reported to be $2.6 billion.[4] Prior to founding Moglix, Garg worked at Google in Singapore, where he held the position of Head of ADX (APAC).[5]
Early life and education
[edit]Rahul Garg was born in Faridabad, Haryana. His father, SK Garg, served as an executive director at C&S Electric. Garg completed his secondary education at Apeejay School in Faridabad. He earned a Bachelor's degree in Electrical Engineering from IIT Kanpur in 2001 and later obtained an MBA in marketing from the Indian School of Business (ISB) in Hyderabad.[6] He is currently enrolled in the Owner/President Management (OPM) program at Harvard Business School as part of Cohort 62.[5]
Career
[edit]Rahul Garg began his career in 2001 at Ittiam Systems in Bangalore.[7] He later held various leadership roles at Google, including Head of AdX for India, SEA, and Korea.[8] In 2015, Garg founded Moglix,[5][9] initially as a business-to-business e-commerce company,[10] before expanding into enterprise procurement[11] and software as a service (SaaS) verticals.[12][13] Garg met Ratan Tata during the same year, shortly before the launch of Moglix.[14] The first funding for Moglix was secured in October 2015 from Ratan Tata and Accel Partners.[2][15]
Under Garg's leadership, Moglix had a presence in 35 cities by 2020.[16][17] The company reached a valuation of $2.6 billion by 2022.[4][18] In 2023, Moglix reportedly laid off up to 3% of its employees.[19] Garg also established the Moglix Foundation, the philanthropic arm of Moglix, which supports projects related to health, environment, and science.[20][21] In September 2024, Moglix invested $50 million in its supply chain finance arm, Credlix.[22] He holds 16 US patents in wireless technology, digital networks, and analytics[1] and serves as the co-chairman of the CII Unicorn Forum.[5]
Awards and achievements
[edit]In 2018, Garg was included in Fortune's 40 Under 40 list.[5][23] In 2019, he was awarded the Entrepreneur of the Year award at the Entrepreneur India Congress & Awards.[12] In 2021, Forbes Magazine recognized him as the Tycoon of Tomorrow,[24] and he also received the IITK Distinguished Alumnus Award.[25] In 2023, he was honored with the Most Impactful CEO award from Times Now.[12]
References
[edit]- ^ a b "Rahul Garg left Google to transform manufacturing supply chain". The Times of India. 2023-02-17. ISSN 0971-8257.
- ^ a b "Can An Industrial Goods Platform Be Unicorn? It Takes Rahul Garg's Toolkit". Forbes India.
- ^ "Ratan Tata-backed Moglix 13th unicorn in India this year". Business Today. 2021-05-17.
- ^ a b "B2B ecommerce startup Moglix valued at $2.6 billion after $250 million of funding". The Economic Times. 2022-01-28. ISSN 0013-0389.
- ^ a b c d e "Meet Rahul Garg, founder of Moglix; Know about his journey, education, and more". Financialexpress. 2024-02-23.
- ^ "Ratan Tata-backed Moglix joins unicorn club after $120 million fundraise". The News Minute. 2021-05-18.
- ^ Ahmad, Samreen. "Tech in Asia - Connecting Asia's startup ecosystem". Tech in Asia.
- ^ Dasgupta, Brinda (2017-04-25). "My first year at work: Rahul Garg, founder, Moglix". The Economic Times. ISSN 0013-0389.
- ^ "Moglix valuation doubles to $2.6 billion in less than a year". Moneycontrol. 2022-01-28.
- ^ Nair, Sulekha (2016-02-08). "Ratan Tata's 6th investment in 2016 is B2B platform Moglix; founder Rahul Garg 'extremely pleased'". Firstpost.
- ^ Paintola, Bhupendra (2025-01-13). "Indian Startups Need To Tap Global Deeptech Market: Moglix CEO Rahul Garg". Inc42 Media.
- ^ a b c Staff Reporter. "The Entrepreneurial Journey Of Moglix's Founder & CEO, Rahul Garg, And How He Built A Billion-Dollar B2B E-Commerce Company". Free Press Journal.
- ^ "The 1-3-6 learning framework - Livemint". 2018-06-17. Archived from the original on 2018-06-17.
- ^ Bhan, Shereen (2024-10-10). "The hands-on visionary: How Ratan Tata's guidance shaped the journeys of top Indian entrepreneurs - CNBC TV18". CNBCTV18.
- ^ "Moglix launches supply chain finance platform Credlix". The Economic Times. 2021-02-15. ISSN 0013-0389.
- ^ "Moglix expands in India, sets up supply chain in Assam, Goa". The Economic Times. 2020-11-10. ISSN 0013-0389.
- ^ "Watch: Moglix CEO Rahul Garg on new frontiers, acquisitions". Techcircle. 2020-11-17.
- ^ Inc42, Team (2024-02-29). "Moglix Has Desh Wapsi On The Cards As It Eyes 2027 Public Listing". Inc42 Media.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Moglix lays off up to 3% workforce". VCCircle.
- ^ Balachandran, Manu (Dec 30, 2021). "Rahul Garg And Moglix: On A Mission To Impact 100 Million Lives By 2030". Forbes India.
- ^ "Moglix's Rahul Garg launches philanthropic venture Mogli Foundation". MediaBrief. 2021-08-05.
- ^ "Moglix invests $50 million in Credlix to fuel global supply chain finance expansion - CNBC TV18". CNBCTV18. 2024-09-22.
- ^ "Rahul Garg - India's Young & Brightest Entrepreneurs in 40 Under 40 2019 - Fortune India". www.fortuneindia.com.
- ^ Dass, Manisha Isa. "World Can No Longer Ignore India's Manufacturing Prowess: Forbes India Tycoons Of Tomorrow Rahul Garg". Forbes India.
- ^ "Rahul Garg - Indian Institute of Technology Kanpur". iitk.ac.in.