India, Feb. 27 -- Tiger Global-backed B2B ecommerce unicorn Moglix has raised INR 107.58 Cr (around $12.3 Mn) in multiple tranches through issuance of preferential shares since December last year, its regulatory filings accessed by Inc42 showed.

In October last year, it 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 to raise the sum.

However, the company did not disclose the reason behind raising the capital. Queries sent to Moglix and its founder Rahul Garg did not elicit any response till the time of publishing this story.

Founded by Garg in 201...