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Aditya Hadi Pratama · · 1 min readIndian B2B ecommerce Moglix joins unicorn club after $120m fundraise
Moglix, an Indian business-to-business marketplace for industrial goods, just raised US$120 million in a series E funding that valued the company at US$1 billion.
More funding details
- Lead investors: Falcon Edge Capital and Harvard Management Company (HMC)
- Existing investors: Tiger Global, Sequoia Capital India, and Venture Highway
- Stage: Series E
More company updates
- This pushes Moglix’s total amount raised from investors to US$220 million so far.
- The company currently provides solutions to more than 500,000 small and medium-sized enterprises and 3,000 manufacturing plants across India, Singapore, United Arab Emirates, and the UK. Moglix has a supply chain network of 16,000 suppliers and 35 warehouses.
- The startup recently launched Credlix, a financing platform for suppliers and manufacturers. They plan to disburse loans worth 1,000 crore (around US$136 million) in the coming year.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Currency converted from Indian rupees. Rate: US$1 = INR 73.19.
Editing by Eileen C. Ang
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