M&A

M&A

Moglix acquires used machinery e-commerce platform Vendaxo

Economic Times  

B2B commerce Unicorn Moglix has acquired Ahmedabad-based Vendaxo, an e-commerce platform for buying and selling of used machinery. Through the acquisition, Moglix expects to provide access to high value capital goods at economical prices to manufacturers. Vendaxo is a B2B e-commerce platform that provides used machinery liquidation solutions to MSMEs and large manufacturing enterprises. The used machines and equipment marketplace enables 40 thousand users to buy and sell from its verified listings of 31 thousand SKUs through its digitally enabled and secured escrow process.