Moglix’s $120 Million Series E Financing

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;

Clients: Sequoia Capital India Advisors Private Limited;

Author: Sonia Carcano