Lee Fixel, ‘unicorn’ investor who backed Flipkart, quits Tiger Global after 13 years
15 March 2019 6:31 AM IST
The portfolios overseen by Fixel will now be co-managed by Scott Shleifer and Chase Coleman, with Shleifer taking over as head of the Tiger Global?s unit. ��
- After spending over a decade as Head of Tiger Global’s private equity business, Lee Fixel will leave the firm on June 30, news sites reported on Friday.
- Fixel, who is one of the most prominent tech investors in the Silicon Valley, and who was instrumental in backing Indian ecommerce retailer Flipkart, is said to be moving on to manage his own money, and “may start an investment firm in the future,” according to a letter sent to the investors, media reports said.
- Flipkart lands in Walmart's cart in biggest M&A deal ever in India's startup ecosystemHe went on to eventually engineer one of biggest acquisition deals of Indian corporate history between US retail giant Walmart and Flipkart for $16 billion, a deal that would bring in $3.3 billion dollars to Tiger Global.
- Lee expects to actively invest his own capital and may start an investment firm in the future.
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