After raising $2.5 billion in November 2014, New York-based hedge fund, Tiger Global has now raised the same amount to continue its startup investment spree, as per a regulatory filling. However, the exact plan for this new capital is not clear. The firm has not disclosed any information related to this year cash allocation.
It has made 18 investments in India this year including Flipkart, Ola, Grofers, Shopclues, Gray Orange, Shorts and Saavn on its portfolio. The firm has invested around $2 billion in Indian Internet companies. Tiger Global has not only been investing in India, but the firm has also backed companies outside of SouthAsia country like Jet.com, Postmates, Credit Karma and Airbnb among others.
As per a Business Insider report, this is Tiger Global’s tenth venture capital fund called Tiger Global Private Investment Partners X, L.P. Lee Fixel, the head of Tiger Global’s private equity and venture capital investing, will oversee the fund, who joined the fund in 2006. He has led investments in privately-held companies, including Facebook, Linkedin, Warby Parker, Eventbrite, Makemytrip, Flipkart, Netshoes, Square, MercadoLibre, Trendyol, Jobs.ch and CatchoftheDay.
Like Softbank, which is also expanding its presence in India and rest of the Asia, Tiger Global has also backed some high value international startups outside the US like Didi Kuaidi in China and GrabTaxi in Southeast Asia. Hence, we can also expect more of similar investment opportunities worldwide with this new venture capital fund.