Tiger Global-backed Moglix to boost sustainable packaging biz with ₹80-crore buy

BENGALURU : Enterprise e-commerce unicorn Moglix has acquired Uttarakhand-based Khatema Fibres Ltd, a manufacturer of eco-friendly paper products, for approximately ₹80 crore, as part of its strategy to bolster its sustainable packaging portfolio and cement its leadership in the industrial procurement space. The deal, announced by Moglix founder and CEO Rahul Garg, adds a suite of specialty packaging products—including high-strength kraft paper, food-grade packaging solutions, and machine-glazed papers—to its offerings. The packaging industry Moglix launched its packaging business nearly five years ago and is among the largest in the business-to-business e-commerce packaging space. More here | Fashion is going green, but the journey is slow Khatema Fibres’ advantage lies in its ability to produce packaging papers from long fibre, typically unavailable in tropical climates like Asia.