Private Equity

PE Fund Investments

Industrial products marketplace Moglix in talks with Falcon Edge, others to raise $200-M

Entrackr  

B2B industrial goods marketplace Moglix is in talks with new and existing investors to raise USD 150-200 million that will push its valuation by more than two-fold. Falcon Edge is likely to lead the round while Tiger Global will double down its stake in the company. A couple of new investors are also in talks to join the fresh round which would value Moglix in the range of USD 2-2.5 billion. Moglix is a B2B commerce platform in the industrial & MRO procurement space with a full-stack service covering procurement, packaging, supply chain financing and integrated software. The Noida-based company had last raised USD 120 million in its Series E round led by Falcon Edge Capital and Harvard Management Co. when it claimed to have attained a unicorn valuation of USD 1 billion.