India: Moglix raises $120m, becomes latest startup to join unicorn club

India: Moglix raises $120m, becomes latest startup to join unicorn club

Photo: Pixabay

B2B e-commerce platform for manufacturing goods, Moglix, has raised $120 million as a part of its latest series E funding round, led by Falcon Edge Capital and Harvard Management Company (HMC), taking the overall valuation of the company to $1 billion.

Existing investors Tiger Global, Sequoia Capital India and Venture Highway also participated as part of this round.

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