Bengaluru, Nov. 21 -- Business-to-business (B2B) e-commerce unicorn Moglix has acquired Uttarakhand-based Khatema Fibres Ltd, a manufacturer of eco-friendly paper products, for approximately Rs.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.

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Backed by Tiger Global and Accel, Moglix, valued at $2.6 billion, aims to tap its expansiv...