Tiger Global, Sequoia lead $60m funding in industrial B2B startup Moglix

Photo: Pixabay

New York investment firm Tiger Global, which is on an investment spree in India, has made yet another bet by investing in a $60-million funding round of MogliLabs, which owns and operates B2B industrial goods marketplace Moglix.

The round, which has valued Moglix at about $200 -300 million, has been co-led by Sequoia Capital, The Economic Times reported. Hong Kong-based Composite Capital has also come on board as a new investor.

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