Ratan Tata-backed Moglix 13th unicorn in India this year businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Infotech > E-business
17 May 2021
Business-to-business marketplace Moglix has raised $120 million in a new financing round at a $1 billion valuation, becoming the 13th Indian start-up to attain unicorn status this year.
Moglix’s overall valuation rose to $1 billion after its latest series-E funding round, led by Falcon Edge Capital and Harvard Management Company (HMC). Existing investors Tiger Global, Sequoia Capital India and Venture Highway also participated in the latest round.
This brings Moglix’s total fund raising to date to $220 million.
Moglix was founded by IIT Kanpur graduate Rahul Garg, former Head of Advertising Exchange at Google Asia, six years ago. Moglix is engaged in procurement and supply of industrial products mainly used in manufacture, repair and operating, such as fasteners, electrical, hardware, pneumatics, and safety items among others.
Ratan Tata-backed Moglix is the 13th unicorn from India this year
Sudhanshu SinghMay 17, 2021, 12:28 IST
Moglix
unicorn from India this year.
The B2B
eCommerce marketplace has raised $120 million in the new funding round.
The overall valuation of the firm rose to $1 billion after the latest series of funding.Indian industrial business-to-business marketplace Moglix has raised $120 million in a new financing round at a $1 billion valuation to become the 13th firm from India to attain unicorn status in the country this year.
The overall valuation rose to $1 billion after its latest series-E funding round, led by Falcon Edge Capital and Harvard Management Company (HMC). Existing investors Tiger Global, Sequoia Capital India and Venture Highway also participated in this round. The six-year old startup has raised $220 million to date.
Ratan Tata-backed Moglix 13th unicorn in India this year
The six-year-old startup reached the $1 billion valuation mark after its latest series-E round of funding. The investments in the firm were led by Falcon Edge Capital and Harvard Management Company (HMC)
BusinessToday.In | May 17, 2021 | Updated 16:34 IST
The firm was valued between $250-300 million after its last round of funding in 2019
Indian industrial business-to-business (B2B) marketplace Moglix has managed to raise $120 million in its latest round of financial funding. With this, the company s total valuation has reached $1 billion making it the 13th Indian firm to attain unicorn status in 2021.
The six-year-old startup reached the $1 billion valuation mark after its latest series-E round of funding. The investments in the firm were led by Falcon Edge Capital and Harvard Management Company (HMC). Existing investors such as Tiger Global, Sequoia Capital India and Venture Highway were also participants in the series
Ratan Tata-backed Moglix is the 13th unicorn from India this year msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.