Moglix Parent Infuses $12 Mn In Indian Arm

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SUMMARY

Moglix has bagged INR 107.58 Cr (around $12.3 Mn) from its Singapore parent in multiple tranches since December last year

This comes at a time when Moglix is considering shifting its domicile back to India with plans to go public by 2027

Founded in 2015, Moglix sells a wide range of industrial tools and equipment, catering to industries like automotive, cement, chemicals, consumer durables, and FMCG among others

Tiger Global-backed B2B ecommerce unicorn Moglix has bagged INR 107.58 Cr (around $12.3 Mn) from its…



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Moglix Parent Infuses $12 Mn In Indian Arm


SUMMARY

Moglix has bagged INR 107.58 Cr (around $12.3 Mn) from its Singapore parent in multiple tranches since December last year

This comes at a time when Moglix is considering shifting its domicile back to India with plans to go public by 2027

Founded in 2015, Moglix sells a wide range of industrial tools and equipment, catering to industries like automotive, cement, chemicals, consumer durables, and FMCG among others

Tiger Global-backed B2B ecommerce unicorn Moglix has bagged INR 107.58 Cr (around $12.3 Mn) from its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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