Soon after Moglix became a unicorn earlier this year, Garg founded the Mogli Foundation to impact lives by investing across health care, livelihood and environment
“We want to now become the front and centre of everything manufacturing, procurement, and everything related to supply chain finance” - Rahul Garg, Founder, Moglix
; Image: Madhu Kapparath
Rahul Garg is raring to go. And he wants to do it quickly.
That’s why just a few months after his company Moglix became a unicorn, Garg set up the Mogli foundation, which will work with organisations to bring innovations in areas as diverse as health care, environment and livelihood in the country. The idea came largely from his own experience in India’s fight with the second wave of Covid-19.
Earlier this year, Garg and his team at Moglix had begun working with manufacturers of oxygen concentrators in India, while also sending charter flights to China and Germany to procure concentrators. The company has procured some 6,000 oxygen concentrators, which Moglix has been selling to corporate and industrial houses in the country. They, in turn, have been giving them to their employees on a group-sharing model, based on a template developed by Garg and Moglix.
“In the last 12 months, we have realised that we can’t always react to the fire as we saw with the second wave of Covid-19,” Garg tells Forbes India. “Hospital beds were falling short, and we did not have ventilator capabilities in the country. We wanted to make a more sustained effort to ensure that it doesn’t happen again.” Among others, the foundation is working with Nocca Robotics to stockpile ventilators.