Moglix raised $250 Million in Series F Funding Round

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Moglix raised $250 Million in Series F Funding Round
31 Jan 2022
6 min read

News Synopsis

Moglix, a Noida-based B2B e-commerce platform has raised $250 million in a new funding round led by Tiger Global, Alpha Wave Global with Hong-Kong-based company Ward Ferry joining the company as a new investor.The company is valued at $2.6 billion after the latest funding round. It has raised more than $650 million to date. The company is backed by several other morgue global investors. Moglix also became the first B2B commerce unicorn in the manufacturing sector after raising $120 million in May 2021. A unicorn is a private company that is valued at or over $1 billion. It was founded by the Indian Institute of Technology (IIT) Kanpur and Indian School of Business graduate Rahul Garg in 2015 is an e-commerce company that provides solutions to small and medium enterprises and manufacturers across India and the UAE.It has recently crossed the $100 million disbursal rate for its supply chain financing platform Credlix. It works with manufacturing and infrastructure companies to transform their end-to-end supply chain.

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