Moglix Buys Paper Products Maker Khatema Fibres For INR 80 Cr

Moglix, a B2B e-commerce platform, acquired Khatema Fibres, a paper products manufacturer, for INR 80 crore. This acquisition is part of Moglix’s strategy to expand its product offerings and strengthen its supply chain capabilities. Khatema Fibres, known for its high-quality paper products, will enhance Moglix’s portfolio and provide a competitive edge in the market. The acquisition is expected to boost Moglix’s revenue and market presence, enabling it to serve a broader customer base. This move aligns with Moglix’s vision of becoming a comprehensive industrial goods platform, offering a wide range of products and services to businesses. The acquisition also highlights the growing trend of consolidation in the B2B e-commerce sector, as companies seek to enhance their capabilities and market reach through strategic acquisitions.