India, Feb. 27 -- Tiger Global-backed B2B ecommerce unicorn Moglix has bagged INR 107.58 Cr (around $12.3 Mn) from its Singapore parent since December last year.

In October last year, the startup received the shareholders' nod to issue up to 1,16,856 compulsorily convertible cumulative preference shares (CCCPS) having a face value of INR 10 each at a premium of INR 9,198 to its promoter Mogli Labs Private Limited on a rights basis, according to filings sourced from Registrar of Companies.

Following this, the Indian arm received the aforementioned amount in four tranches.

The startup did not disclose what it plans to do with the fresh capital. Queries sent to Moglix and its founder Rahul Garg did not elicit any response till the time of...