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Moglix raises $120 mn; joins unicorn club PTI New Delhi | Updated on May 17, 2021 Existing investors Tiger Global, Sequoia Capital India, Venture Highway participated in the Series E funding Moglix on Monday said it has raised $120 million (about ₹878.8 crore) in funding from Falcon Edge Capital, Harvard Management Company (HMC) and others, placing the industrial B2B e-commerce platform in the unicorn club. The Series E round also saw participation from existing investors Tiger Global, Sequoia Capital India and Venture Highway. “We started six years ago. We had the trust of stalwarts like Ratan Tata, and a mission to enable the creation of a $1 trillion manufacturing economy in India. Today, as we enter the next stage of our evolution, we feel this financing milestone is a testimony to our journey of innovation and disruption,” Moglix Founder and CEO Rahul Garg said.

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