Moglix becomes India's 13th unicorn this year after $120 mn fundraise

Industrial business-to-business marketplace Moglix has raised $120 million in new funding round at a $1 billion valuation, making it India's 13th startup to achieve unicorn status this year. The startup's Series E financing round was led by Falcon Edge Capital and Harvard Management Company. Existing investors Tiger Global, Sequoia Capital India and Venture Highway also participated in the round.