Friday, 24 March, 2023

Indian Startup Moglix doubles its valuation from $1B to $2.5B

<p>As the Indian industrial B2B marketplace aggressively scales its offerings in many parts of the world, Moglix&#39;s valuation has more than doubled to around $2.5B from $1B just eight months ago. Moglix disclosed in a regulatory filing with Singapore&#39;s Accounting and Corporate Regulatory Authority that Alpha Wave Global (formerly known as Falcon Edge Capital) and Tiger Global led the funding round. The startup serves hundreds of thousands of SMBs and enterprises.</p>