Moglix becomes 14th Indian firm to get unicorn status after raising $120 million in funding
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Industrial business-to-business startup Moglix has raised $120 million in funding, becoming the fourteenth Indian firm to reach unicorn status. It is the first industrial B2B commerce firm in the country to reach a valuation of $1 billion. “We started six years ago with a firm belief in the untapped potential of the Indian manufacturing sector,” said Rahul Garg, founder and CEO, Moglix. The firm was founded in 2015.