Stay updated with breaking news from Moglix funding. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
We ll soon meet in your inbox. Please wait. Moglix’s existing investors like Tiger Global, Sequoia Capital India and Venture Highway have also participated in this round of funding, the company announced on Monday. ETtech Founded in 2015, Moglix is a B2B commerce platform in the industrial & MRO (maintenance, repair and operations) procurement space. The company is building an operating system for manufacturing that provides its customers a full stack service covering procurement, packaging, supply chain financing and highly integrated software. “We had 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,” said Rahul Garg, founder & CEO, Moglix. “Falcon Edge, with its deep roots in the Middle East and Europe and an understanding of public companies will guide us through the next pha ....
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 particip ....