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Venture Capital

Moglix Raises USD 60 Mn From Tiger Global, Others | Business Standard News

by business-standard.com posted 4days ago 8 views
B2B commerce firm Moglix Thursday said it has closed a funding round of USD 60 million (about Rs 410 crore), led by investment firm Tiger Global. The series-D round also saw participation from Sequoia India and Composite Capital, a statement by the company said. The company's current investors include Accel Partners, Jungle Ventures, IFC, Venture Highway and Tata Sons Chairman Emeritus Ratan Tata, it added. "The funds will be deployed to create industrial distribution centres across India to cover all 25-plus major hubs for manufacturing by May 2020.

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