Flipkart CEO Kalyan Krishnamurthy invests in Moglix

Moglix, an Asia-based B2B marketplace for industrial goods, has raised an undisclosed amount of funding from Flipkart CEO Kalyan Krishnamurthy. As per Moglix, this is Krishnamurthy's first individual backing of a company in the B2B e-commerce space. Founded in 2015 by former Google executive Rahul Garg, Moglix procures and supplies industrial goods like safety tools and hardware, among others.