Tiger Global roaring in India once again
For Tiger Global, 2021 is proving out to be a year when it cements its position among the top investors in India.
In the first half of 2021, the American hedge fund has been aggressively investing in Indian startups, participating in 15 deals worth $1.74 billion.
That’s already higher than the number of deals it led in the whole of 2020 when Tiger participated in or led investments into 13 deals worth $1.32 billion.
Image credit: Manash
Just last week alone, Tiger Global has invested in four Indian startups — jobtech startup Apna, vehicle services platform GoMechanic, fintech platform ProgCap, and social community app Kutumb.
In a year that has seen a record number of new unicorn additions — 15 so far in the first half of 2021 — Tiger Global has invested in at least six of these startups that have recently earned the $1 billion or higher valuation.
They include healthtech startup Innovacer, B2B construction platform Infra.Market, fintech startup Groww, messaging tech startup Gupshup, Indian language social media platform ShareChat, and SaaS Startup Chargebee.
Experts believe that if Tiger Global continues in the same trajectory, it may even cross the quantum of deals it made in India in 2015 (35 deals worth $2.19 billion).
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News & Updates
- Finance Minister Nirmala Sitharaman announced the infusion of an additional Rs 1.5 lakh crore into the ECLG scheme, which was introduced last year as part of the Rs 20 lakh crore Aatmanirbhar Bharat stimulus package.
- Mastercard made a strategic equity investment in Instamojo to bring one billion people and 50 million MSMEs into the digital economy by 2025.
- Mumbai-based women’s wellness D2C brand Nua raised Pre-Series B funding of $7.1 million led by Lightbox Ventures and others. It also added Deepika Padukone as an investor.
- Domestic traders' body CAIT urged the government not to dilute the draft of ecommerce rules under any pressure of foreign-funded online firms. In a communication, CAIT said it has been observed that voices of terming the rules as stringent are being created.
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“It is great for the startup ecosystem with growth capital (from investors like Tiger) flowing in as the founders can scale their business rapidly.”