Moglix acquires used machinery e-commerce firm Vendaxo for undisclosed sum

Move is a step towards creating a sustainable, capital-efficient manufacturing ecosystem; Moglix aims to provide access to high-value capital goods at economical prices to manufacturers

Moglix in its quest to build the operating system for the manufacturing sector has acquired Vendaxo, an e-commerce platform for buying and selling of used machinery. This move by Moglix, the industrial business-to-business unicorn for manufacturing, is a step towards creating a sustainable and capital-efficient manufacturing ecosystem. Through the acquisition, Moglix wants to provide access to high value capital goods at economical prices to manufacturers.

“We are excited to welcome Vendaxo into the Moglix ecosystem,” said Rahul Garg, founder and CEO, Moglix. “We started Moglix with the vision of providing doorstep access to high quality, affordable industrial products.  The integration of