Tiger Global Management, which has been one of the most active investors in the Indian startup ecosystem ever since it started mushrooming to the current stage, has raised a new global fund of $2.5 billion, reveals the filing with US regulator Securities & Exchange Commission (SEC) (via ET).
This is the tenth venture capital fund for Tiger Global and is called called Tiger Global Private Investment Partners X, L.P. The latest fund raised by the firm will be used to invest in private technology and internet based companies.
While a large amount of corpus from its previous fund was deployed in India, same is not going to be the case this time. Inspite of being very active in the Indian startups scenario, less amount of the corpus is expected to be deployed in India as Tiger Global is expected to slow down its pace of investments in India.
But nothing about slowing down has been officially announced. Thus, the firm may continue investing at the same pace to double down on its recent bets and find out more opportunities in India. It is usually involved in large private equity investment rounds and follow-up investments.
In India, Tiger Global’s investment is estimated to be around $2 billion. The company made an early bet on some of the hottest startups right now, including Flipkart and Ola. It has also invested in Quikr, Delhivery, MakeMyTrip, Zo Rooms, etc.
Globally, Tiger Global has invested in companies such as Facebook, Linkedin, Eventbrite, Makemytrip, Flipkart, Netshoes, Square, MercadoLibre, Trendyol, Jobs.ch, etc.
This month, the firm has invested in Avennida’s Series C round, Ola’s Series F round, Grofers’ Series C round and in Tyro Payments, leading the funding round in two startups.
Lately though, Tiger Global — a name usually associated with big ticket, late stage rounds — has been actively involved in early stage startups as well. To nurture these early-stage ideas in India, Tiger Global is also going to set up a co-working space in Bangalore, wherein it will incubate startups in its 20,000 sq. ft. complex.