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Moglix raised ₹107.58 crore from Singapore parent since December
short by / on Thursday, 27 February, 2025
Tiger Global-backed B2B ecommerce unicorn Moglix bagged ₹107.58 crore from its Singapore parent since December. In the last year, the startup received the shareholders nod to issue upto 1,16,856 compulsorily convertible cumulative preference shares having a face value of ₹10 each at a premium of ₹9,198 to its promoter Mogli Labs Private Limited on a rights basis.
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