Allen & Gledhill advised Sequoia Capital India on its participation in the financing round of Moglix.
Moglix, a business-to-business (B2B) e-commerce platform for manufacturing goods, raised $120 million from investors at a valuation of $1 billion.
The Series E funding round was led by Falcon Edge Capital and Harvard Management Co., with participation from existing investors Tiger Global, Sequoia Capital India and Venture Highway.
Moglix currently has a supply chain network of more than 16,000 suppliers across 35 warehouses and lists more than 500,000 stock-keeping units on its online marketplace.
The Allen & Gledhill team was led by counsel Julian Ho (Picture).
Involved fees earner: Julian Ho – Allen & Gledhill LLP;
Law Firms: Allen & Gledhill LLP;