Tiger Global raises 1.5 Billion USD; India 2nd after US in portfolio

Global investment firm, Tiger Global has raised USD 1.5 billion according to latest SEC filing, Wall Street Journal reported on Monday. This would be the firms’ eighth global fund. Last year’s fund, Tiger Global Private Investment Partners VII, was of USD 1.49 billion value.

Since the beginning of this year, it has made investments in over 10 companies including Q/A company Quora (USD 80 million), online fashion etailer Myntra (USD 50 million), real estate search engine CommonFloor (USD 10.4 million) and more. Also, Tiger Global is an active investor of Flipkart, an online marketplace in India, which recently crossed the USD 1 billion mark in its GMV. Flipkart features 3rd on top disclosed investments of Tiger, higher than China’s Vancl.

According to a CB Insights report, between 2010 and 2013, Tiger Global has done transactions of around USD 3.75 billion with participation in 85 disclosed private companies.

The data also supports the fact that Tiger Global is more bullish on Ecommerce segment rather than internet and mobile. In India, Flipkart takes a place among the top 10 most funded companies of the investment firm.

In terms of geographical distribution of investment, India lies at second position with 27.1% share. However, US leads with the highest share of Tiger Global’s private tech investments.

The Indian portfolio of the firm includes OlaCabs, Commonfloor, Zansaar, Motor Exchange, Caratlane, Getjar, Makemytrip, Flipkart and Myntra among many others. Last year,with the listing of online search engine JustDial, the firm was speculated to get an exit at 820% profit.

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Source: Economic Times

Founded in 2001. the firm is based in New York. It deploys capital in two businesses – private equity partnerships and public equity funds. The former have ten-year horizons and focus on growth companies in the global Internet and technology sectors. However, the firm’s public equity funds focus on long-term trends in the technology, telecom, media, retail and consumer sectors.

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