Industrial B2B startup Moglix's valuation tops $2.6 bn with $250 mn funding

Early investors, who had bet on Moglix at the seed stage, have seen an 80x return on their investment in this B2B commerce firm

Moglix, the industrial business-to-business startup for manufacturing, has raised $250 million in its latest Series F funding round, at a valuation of $2.6 billion. This investment was led by Tiger Global and Alpha Wave Global with Hong Kong based-investment firm Ward Ferry coming on board as a new investor.

In 2019, Moglix was the first B2B sector investment in India by Tiger Global which continued to double down and invest in Moglix over the last 3 years. Early investors, who had invested in Moglix during the seed stage have seen an 80X return on their investment in this B2B commerce