Why Tiger Global is making a come back to early-stage startups
The investments by Tiger Global and SoftBank led to a flurry of deals in 2015 era in the early-stage ecosystem with multiple foreign investors started pouring capital.
- New York-based global hedge fund Tiger Global seems to be making a comeback to the investing table after a virtual freeze of close to three years, and it has its eyes set on its once favourite bets — the early stage startups in India.
- Tiger Global’s return to early-stage funding, however, seems contrary to what it is expected to do — ie, backing mid-stage startups, after multiple of its earlier bets such as Zopper, Zo Rooms, Little, Cube26, etc., either got shut or acquired.
- Tiger Global raised $3.75bn in October this year for its latest fund called Private Investment Partners XI, The focus with the new fund would be on consumer internet, cloud, and industry-specific software markets along with consumer brands companies in China, India and the US.
- Tiger Global had invested an unbridled amount of capital in Indian startups since early 2014, backing up around 50 companies, The amount invested as various reports has been around $2 billion.
- The investments by Tiger Global and SoftBank led to a flurry of deals in early-stage ecosystem with multiple investors across investment stages from outside India started pouring capital including DST Global, Kinnevik, Warburg Pincus, Steadview Capital, Foxconn, etc.