The latest round brings the total amount raised by the startup to over $5 million.
Sorabito operates heavy machinery e-commerce platform Allstocker.
This is a rare example of CFIUS undoing an acquisition that has already been completed.
Tiger’s renewed interest has seen it invest in more than half a dozen business-to-business startups in the last six months.
The other participating investors in the round include Wavemaker, Hustle Fund and Grand Metro Holdings.
The startup was reportedly also in talks with a slew of prominent Chinese investors, including diversified conglomerate Fosun for financing.
The startup will also see capital infusion from Bain Capital and Japanese investor GMO Venture.
Squats will use the investment to enhance its underlying technological framework, strengthen its team and expand its pan-India operations.
IPOs & Markets
Morgan Stanley pitched wealth management clients a chance to invest in Uber via a fund dubbed New Riders LP.
JD.com will remain the majority shareholder of the healthcare unit.
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