India, Jan. 7 -- B2B manufacturing and supply chain enablement startup Groyyo is in talks to raise about $40 Mn funding, primarily in equity, from Tiger Global and other investors at a valuation of about $200 Mn (around INR 1,700 Cr), sources told Inc42.

This will be an increase of about 25% from its last valuation of $160 Mn (around INR 1,200 Cr).

Besides Tiger Global, the Series B funding round will also see participation from other existing investors like Alpha Wave, Sparrow Capital, among others.

The startup is currently in talks with global sovereign and hedge funds and more investors may join the funding round, the sources added. The round will also have a small debt component.

Groyyo declined to comment on Inc42's queries on th...