Moglix has more than doubled its valuation to about $2.5 billion from $1 billion just eight months ago as the Indian industrial business-to-business marketplace aggressively scales its offerings in many parts of the world.
Alpha Wave Global (formerly called Falcon Edge Capital), which led the seven-year-old startup’s previous funding, has returned alongside Tiger Global to co-lead the Series F financing round, Moglix disclosed in a regulatory filing with Singapore’s Accounting and Corporate Regulatory Authority.
News outlet DealStreetAsia, which first reported about the round, estimates that Moglix’s valuation has surged to about $2.5 billion.
Hong Kong-based Ward Ferry also participated in the $249 million round, a figure that is larger than the capital Moglix amassed in all its previous funding rounds put together.
Founded by IIT Kanpur and ISB alumnus Rahul Garg, Moglix operates a B2B marketplace and procurement platfo …
