Indian B2B commerce company Moglix raises $60 million

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Moglix, an Indian B2B commerce company, has closed a Series D funding round of $60 million. The investment was led by Tiger Global, Sequoia India and Composite Capital. Moglix’s current investors include Accel Partners, Jungle Ventures, IFC, Venture Highway and Tata Sons’ chairman emeritus Ratan Tata.

Moglix, under its founder and chief executive Rahul Garg, is an online store focused on B2B procurement of industrial supplies.

[Image courtesy: Moglix]