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.
