In a move to strengthen its leadership, Moglix, a B2B e-commerce marketplace Moglix on Wednesday roped in Jeff Epstein, Operating Partner at Bessemer Venture Partners and former CFO of Oracle, to its Board of Advisors.
Epstein, who is based out of Bessemer's Menlo Park office in the US and leads the Venture's CFO Advisory Board, specialises in marketplaces, B2B SAAS and advertising technology companies.
"Much is happening in the digital landscape of India and the market, if tapped correctly, has exponential growth prospects. Moglix seems to have caught with the pulse of time having stepped into the next growth phase with the launch of GreenGST, aligning their offerings to demands of digital technology in manufacturing, and collective move towards ease of doing business. I am tremendously happy to be a part of the team and look forward to helping them grow," said the newly appointed board member.
The announcement comes in the wake of Moglix's Series B round of funding of USD 12 Million from International Finance Corporation (IFC), a member of the World Bank Group, Rocketship vc., and existing investors Accel Partners, Jungle Ventures and Venture Highway, indicative of the company's value proposition a winner in the ecosystem.
The funds are being channelised to support technology solutions in supply chain and manufacturing, infrastructure growth and expansion plans.
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To further the global supply chain technology ambition, Moglix's Board of Advisors has manufacturing and technology stalwarts like Tata Group Chairman Emeritus Ratan Tata, who, since its inception, backed Moglix as his maiden investment in B2B e-commerce domain. Additionally, former VP of Twitter Sailesh Rao, who also worked for tech giant Google, works with Moglix on the product advisory team.
Jeff boasts of more than 25 years of experience in senior financial and management positions at leading enterprises like DoubleClick (acquired by Google), King World Productions (acquired by CBS) and Nielsen's Media Measurement and Information Group, and has helped enterprises with product strategy and marketing efforts.
"Having advised a number of technology companies, Jeff understands the need of cutting-edge technology in achieving operational excellence, compliance and governance. Jeff is an extremely valuable addition to our Board of Advisors and with his guidance our dream of disrupting the manufacturing space through innovative technology seems even more close to being achieved," said Rahul Garg, Founder and CEO, Moglix.
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