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The shares were offloaded at Rs 370 apiece to various investors, including Nomura, Ward Ferry, and domestic mutual funds, sources disclosed. Sion Investment Holdings, an affiliate of Baring Private Equity Asia, held 4.17 crore shares or 26.67% stake in the company as of December 31, 2023.
Business-to-business e-commerce unicorn Moglix, which is operated by Mogli Labs (India) Pvt. Ltd, saw a rise in its net loss in the financial year through ......
B2B e-commerce platform Moglix is in talks to secure a secondary round worth $30-35m, with a substantial portion to be used for an employee stock option buyback
The layoffs come as the Tiger Global-backed unicorn is in talks to raise $100-150 million from new and existing investors, , lay offs, b2b
According to sources familiar with the matter, 200 employees or 15 per cent of the total Moglix workforce would likely be affected by the layoffs. In a statement issued by Moglix, it said that 2 to 3 per cent or about 40 employees of its workforce were affected after an annual review of employees' performances.