Startup Atlas · B2B E-commerce

Moglix Unicorn Investor

Mogli Labs (India) Private Limited Noida, Uttar Pradesh Founded 2015 moglix.com ↗
Rahul Garg · Founder & CEO
$470.67 MnTotal funding (tracked)
8Funding rounds
28 Jan 2022Last round
2Tracked investments
1,237Team size (sourced)

Moglix: Financial Breakdown

Figures below are FY2024, consolidated basis, compiled from filings and disclosures — every year cited to its source.

Rs 4,964 crore ($591 million)Total revenue · +5.5% YoY
Rs 5,493 crore ($654 million)Total expenses
Rs 189 crore net loss ($22.5 million)Net loss · loss narrowed 16% YoY

Revenue by fiscal year

0200400600$MINR 217 Cr: $31M31FY2019INR 378 Cr: $53.3M53FY2020INR 777.4 Cr: $104.8M105FY2021INR 2,554.6 Cr ($306.9 Mn): $342.9M343FY2022Rs 4,704 crore ($560 million): $585.1M585FY2023Rs 4,964 crore ($591 million): $599.5M600FY2024

Net profit / loss by fiscal year

-30-20-100$MINR 48 Cr net loss: $-6.9M-6.9FY2019INR 78 Cr net loss: $-11M-11FY2020INR 81 Cr net loss: $-10.9M-11FY2021INR 175.3 Cr net loss ($21 Mn): $-23.5M-24FY2022Rs 225 crore net loss ($26.8 million): $-28M-28FY2023Rs 189 crore net loss ($22.5 million): $-22.8M-23FY2024

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2024 Rs 4,964 crore ($591 million) Rs 5,493 crore ($654 million) Rs 189 crore net loss ($22.5 million) source
FY2023 Rs 4,704 crore ($560 million) Rs 5,208 crore ($620 million) Rs 225 crore net loss ($26.8 million) source
FY2022 INR 2,554.6 Cr ($306.9 Mn) INR 2,736.8 Cr ($328.8 Mn) INR 175.3 Cr net loss ($21 Mn) source
FY2021 INR 777.4 Cr INR 858.4 Cr INR 81 Cr net loss source
FY2020 INR 378 Cr INR 456 Cr INR 78 Cr net loss source
FY2019 INR 217 Cr INR 265 Cr INR 48 Cr net loss source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: inc42.com www.moglix.com · Last verified 7 Sep 2026. · Report a correction