In a strategic move to enhance its packaging solutions portfolio, Moglix, a prominent B2B e-commerce platform, has acquired Khatema Fibres for ₹800 million ($10.6 million). This acquisition aligns with Moglix's commitment to expanding its product range and accelerating business growth in the packaging sector.

Khatema Fibres, known for its expertise in manufacturing packaging materials, brings valuable capabilities to Moglix's operations. The integration of Khatema's production facilities is expected to bolster Moglix's supply chain, enabling the company to meet the increasing demand for efficient and sustainable packaging solutions.

This acquisition also supports Moglix's recent initiative to launch Next Day Delivery services across more than 12 cities, with plans to extend this service to 40 cities. By incorporating Khatema's resources, Moglix aims to enhance its logistics and distribution network, ensuring timely delivery and improved customer satisfaction in the B2B sector.

The strategic expansion into the packaging domain reflects Moglix's broader vision of providing comprehensive solutions to its clients. By leveraging Khatema's manufacturing expertise, Moglix is poised to offer a diverse range of packaging products, catering to various industries and reinforcing its position as a leader in the B2B e-commerce landscape.

This acquisition marks a significant milestone in Moglix's growth trajectory, demonstrating its proactive approach to addressing market needs and its dedication to delivering value-added services to its customers. As the company continues to evolve, such strategic initiatives are expected to play a pivotal role in shaping its future success in the competitive packaging industry.