PE Fund Investments
B2B marketplace Moglix raises $250-M from Tiger Global, Alpha Wave, others at $2.6 B valuation
Noida-based unicorn B2B ecommerce platform Moglix, has raised USD 250 million at a valuation of USD 2.6 Billion. The round was led by existing investors Tiger Global and Alpha Wave Global, along with new investor Ward Ferry. Seed stage investors in Moglix have made an exit by selling their shares as part of the latest deal. Founded in 2015, Moglix works with manufacturing and infrastructure companies to help streamline their end-to-end supply chain, from procurement to distribution. Through its e-commerce channels, it provides industrial supplies across categories of industrial safety, electricals, office stationery and power tools, among others.
From the Venture Intelligence PE-VC Deal Database: Between Oct-15 and May-21, Moglix had raised funding from Alpha Wave Global, VH Capital, Tiger Global, Sequoia Capital India, Composite Capital, Accel India, IFC, rocketship.vc, Jungle Ventures, Tanglin Venture Partners, Ratan Tata, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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