Business-to-business (B2B) e-commerce platform for industrial goods, Moglix, has seen its valuation jump to $2.6 billion within eight months of turning into a startup unicorn. The Singapore and Noida-based company has raised $250 million in a Series F round of funding led by returning investors Tiger Global and Alpha Wave Global. Hong Kong-based investment firm Ward Ferry also joined the round.
The current round takes the total equity capital raised by Moglix to $470 million. The company had last raised $120 million in May 2021 in a Series E round led by Falcon Edge Capital and Harvard Management Company at a valuation of $1 billion.