Funding round
Moglix Series D
Moglix, which works in industrial products retail and distribution in Singapore, raised $60M in a Series D round announced on 11 Jul 2019, led by Tiger Global. 9 firms took part, 8 of them already investors. It is Moglix's fourth venture round on record; the one before was a Series C in Dec 2018.
$60M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
Moglix did not disclose a valuation in this round. It came 7 months after Moglix's Series C. It is 13% of the $469M Moglix has raised in the venture rounds on record. Moglix raised again 22 months later: a Series E round of $120M in May 2021, at $1.00B post-money.
Moglix's funding rounds
Moglix has 6 venture rounds on record. This one is highlighted.
- Series A 4 Oct 2016, led by Accel $4.2M
- Series B 6 Jul 2017, led by International Finance Corporation $12M
- Series C 18 Dec 2018, led by Accel, Jungle Ventures and International Finance Corporation $23M
- Series D this round 11 Jul 2019, led by Tiger Global $60M
- Series E 16 May 2021, led by Falcon Edge Capital and Harvard Management Company $120M$1.00B post-money
- Series F 28 Jan 2022, led by Tiger Global and Alpha Wave Global $250M$2.60B post-money
Investors
Who put money in
Tiger Global led the round with 8 other firms. Tiger Global, Sequoia India, Composite Capital and Accel and 4 more had backed Moglix before.
Lead investor
- Tiger Global backs 391 venture-backed companies existing investor
Also in the round
- Sequoia India existing investor
- Composite Capital existing investor
- Accel backs 581 venture-backed companies existing investor
- backs 37 venture-backed companies existing investor
- IFC existing investor
- Venture Highway existing investor
- Tata Sons existing investor
- Sequoia Capital backs 589 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 20 Mar 2019 | $82M | not disclosed | Summit Partners |
| Industrial Machinery & Supplies | 26 May 2020 | $14M | not disclosed | China Capital Investment Group |
| Industrial Machinery & Supplies | 2 Jun 2020 | $40M | not disclosed | Zebra Ventures and Scale Venture Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Moglix raise in its Series D round?
Moglix raised $60M in its Series D round, announced in Jul 2019.
Who led Moglix's Series D round?
Tiger Global led it, with Sequoia India, Composite Capital, Accel, Jungle Ventures and IFC and 3 more.
What was Moglix's valuation at the Series D round?
It was not disclosed.
Did Moglix raise again after this round?
Yes: a Series E round in May 2021 of $120M at $1.00B post-money.