India, Aug. 25 -- B2B ecommerce startup Moglix's operating revenue inched closer to the $700 Mn mark in the financial year ended March 2025. The Bengaluru-based startup reported an operating revenue of $681.5 Mn in FY25, an increase of 15% from $591 Mn in the previous year, according to its Singapore filings.

Including other income, the startup's total revenue rose to $692.8 Mn during the year under review from $601 Mn in FY24.

Besides the rise in revenue, Moglix also saw its loss nearly halve to $11.3 Mn in FY25 from $21.7 Mn in the previous fiscal year on the back of improvement in margins and a controlled rise in expenditure.

Founded by Rahul Garg in 2015, Moglix sells a wide range of industrial tools and equipment to clients from i...