Moglix strengthens its Advisory Board with the addition of Jeff Epstein, former CFO of Oracle

Noida, India, August
28, 2017- Moglix,
a leading Asia based marketplace player that is helping organisations transform
Commerce and Supply Chain with Technology, has 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, specializes in marketplaces, B2B SAAS
and advertising technology companies.

While Moglix continues to grow, having built strong
global SAAS technology and working with SAP as a partner, the association with Epstein
will help Moglix strengthen ties with Oracle and bring finesse to the Moglix
Digital Supply Chain Global offerings.

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 inception has backed Moglix as his maiden investment in B2B
e-commerce domain, and Sailesh Rao, Ex-VP, Twitter, Ex- Google, who works with
Moglix on product advisory.

Jeff Epstein with his 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, has helped enterprises with product strategy and
marketing efforts. Jeff’s expertise in
global operations and finance will help Moglix in Global outreach.

Jeff Epstein

Commenting on the appointment, Rahul Garg, Founder &
CEO, Moglix, said, “It is our privilege to have Jeff on board, his expertise in
B2B marketplaces and enterprise SaaS is second to none. 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.” He further added, “Moglix has been a part of the SAP Startup Studio since 2016, and with
Jeff coming onboard,, we will look at building innovation on top of SAP and
Oracle.”

Jeff Epstein is
excited to be associated with the company that is aiding a digital revolution in
India’s manufacturing sector. “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”, Jeff said.

The announcement comes
shortly after 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
utilised to support technology solutions in supply chain and manufactruing,
infrastructure growth and expansion plans.