VC Fund Investments
B2B e-commerce startup Moglix raises $12-M more
Delhi NCR-based B2B ecommerce unicorn Moglix has raised INR 107.58 Cr (around USD 12.3 million) in multiple tranches through issuance of preferential shares since December last year. The fundraising comes at a time when the company is considering shifting its base back to India from Singapore ahead of its potential initial public offering (IPO).Founded by Rahul Garg in 2015, Moglix sells a wide range of industrial tools and equipment, serving industries such as automotive, cement, chemicals, consumer durables, FMCG, metals, mining, oil & gas and pharmaceuticals.
Between Oct 2015 and Jan 2022, Moglix had raised about USD 470.8 M from Accel India, Jungle Ventures, Ratan Tata, Tanglin Venture Partners, IFC, rocketship.vc , Composite Capital, Peak XV Partners, Tiger Global, Alpha Wave Global, Peak XV Partners, Tiger Global, VH Capital,Ward Ferry and Others.For FY24, Moglix had reported about INR 4717 Cr in Operating Income and about INR 212 Cr in Net Loss.
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