After Lee Fixel exit, Tiger Global prowls for B2B startup deals in India
Tiger Global has invested in NinjaCart, as well as Facilio, Fyle and CleverTap, all of which are B2B startups.The Ninjacart deal is also Tiger Global Management?s biggest first investment in an Indian startup
- Mumbai: New York-based hedge fund Tiger Global Management LLC that made a blockbuster exit from Flipkart last August has since made a return to Indian startups, betting more than $125 million across four deals.
- Tiger Global, which has avoided funding Indian startups since a $30 million investment in accommodation platform NestAway in 2016 , on Wednesday said it has invested $89 million in Ninjacart , a marketing and delivery platform for farm produce.
- This follows three deals struck since December, in which Tiger Global invested a total of over $36 million in business-to-business (B2B) startups.
- Tiger Global's PE business is now headed by Scott Shleifer, the fund's New York-based co-founder.