TechCrunch
India’s Moglix valued at $2.5 billion in new funding
Moglix has more than doubled its valuation to about $2.5 billion in just eight months as the Indian industrial business-to-business marketplace aggressively scales its offering in many parts of the world. Alpha Wave Global (formerly known as Falcon Edge Capital), which led seven-year-old startup’s previous funding, has returned alongside Tiger Global to co-lead the startup’s 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 about the round, estimates that Moglix’s valuation has surged to about $2.5 billion.