Lee Fixel resigns from Tiger Global but will stay on Flipkart board
15 March 2019 2:18 AM GMT
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.
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