Moglix raises $60 million co-led by Tiger Global, Sequoia

Asia-based B2B marketplace for industrial goods Moglix has raised $60 million in its Series D funding round led by Tiger Global Management and Sequoia Capital. The funding round also saw participation from a new investor, Hong Kong-based Composite Capital. Founded in 2015 by former Google executive Rahul Garg, Moglix procures and supplies industrial goods like safety tools and hardware.