Lee Fixel resigns from Tiger Global but will stay on Flipkart board
Lee Fixel on Flipkart board will ensure continuity in deliberations and strategic direction, says CEO Kalyan Krishnamurthy.Lee Fixel?s exit, however, may signal a slowdown in Tiger Global?s investments in the Indian startup market
- Bengaluru: Venture capitalist Lee Fixel , a prolific investor in Indian startups, is leaving New York-based fund Tiger Global , the firm announced on Thursday, prompting his chief beneficiary, Flipkart, to advise employees of his continued involvement.
- Tiger Global-backed Flipkart’s chief executive and Fixel’s aide Kalyan Krishnamurthy said in an email to Flipkart employees that the 39-year-old American will continue to be on the board of Flipkart despite his departure from Tiger Global by the end of June.
- The New York-based hedge fund sent a letter to its investors on Thursday saying Fixel, who was head of Tiger Global’s private equity business, was leaving after a 13-year stint.
- Ravi Venkatesh, a former Tiger Global executive, also left the firm around six months ago to start his own fund, Tanglin Venture Partners.