B2B industrial goods marketplace Moglix has raised $60 Mn (approximately INR 412 Cr) in its latest round led by Tiger Global Management and Sequoia Capital. Hong Kong-based Composite Capital joined the funding round as a new investor for MogliLabs, the company behind Moglix. They will be investing heavily in infrastructure, warehousing, logistics. They will be building fulfilment centres and warehouses and establish operations at these locations.

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