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India’s Moglix enters unicorn club with $120mn funding, $1bn valuation
- Tuesday | 18th May, 2021
India’s fastest growing B2B commerce platform, Moglix, has entered the unicorn club with the latest $120 million funding at the valuation of over $1 billion. The Series E funding round was led by Falcon Edge Capital and Harvard Management Company (HMC). Moglix said that the round also saw participation from its existing investors, Tiger Global, Sequoia Capital India, and Venture Highway. “We are glad that Falcon Edge Capital and Harvard Management Company (HMC) have partnered with us in this journey. Moglix’s distinctive customer value proposition and ROI are visible in its outstanding customer, and revenue retention numbers,” Navroz D. Udwadia, Co-Founder of Falcon Edge Capital, said in the statement.
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