Falcon Edge Capital and HMC led a $120m Series E funding round in Moglix.

Two investment firms Falcon Edge Capital and Harvard Management led a $120m Series E funding round in Moglix, a B2B e-commerce platform for manufacturing goods. Existing investors Tiger Global, Sequoia Capital India and Venture Highway also participated as part of this round. “We started six years ago with a firm belief in the untapped potential of the Indian manufacturing sector. We are glad that Falcon Edge Capital and Harvard Management Company have partnered with us in this journey. Falcon Edge, with its deep roots in the Middle East and Europe and an understanding of public companies will guide us through the next phase of our journey,” Rahul Garg, Moglix Founder and CEO.