After Lee Fixel exit, Tiger Global prowls for B2B startup deals in India

After Lee Fixel exit, Tiger Global prowls for B2B startup deals in India
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  • 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.


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