New Delhi, June 24 -- Accel-backed Moglix has earmarked Rs.500-600 crore for acquisitions in FY26, as the online B2B marketplace for industrial tools and equipment aims to expand its product categories, with a particular focus on traditional manufacturing businesses in sustainable packaging and related sectors, a top company official official told Mint.

This initiative comes as the Singapore-headquartered unicorn prepares for a public listing in India in about two years.

The startup-valued at $2.6 billion-has already spent close to Rs.200 crore in the last two years towards acquiring manufacturing businesses and distributors, in a bid to strengthen its industrial procurement network. Its latest purchase was Uttarakhand-based paper manuf...