Funding News

Tiger Global Roars with New Mega $3.8 Bn Funding Corpus: Report

If Indian entrepreneurs thought that ongoing economic slowdown will saddle the investment scenario then here is some good news coming starlight from Tiger Global’s boardroom. The New York-based investment giant has raised $ 3.8 bn in new funding corpus, according to reports. The new funding corpus has been reportedly raised under the new investment vehicle Tiger Global Private Investment Partners XII. It must be duly noted that Tiger Global had raised a similar amount of funding corpus in the end of 2018.

This latest funding corpus essentially spells good news for startup entrepreneurs in India and China, since the New York Headquartered investment giant has been one of the prolific backers of startups in these two emerging economies. A cursory glance on the investment trajectory over the last few years is enough to suggest the important place India occupies for Tiger Global. In fact, the American investment giant proved to be one of the most aggressive fund raisers in 2019, funding nearly 23 startups; this is according to data intelligence platform Tracxn. It was also one of the earliest backers of e-commerce firm Flipkart – the most valued Indian startup.

Tiger Global’s top investment in India in 2019 

Startups Funding Size Round Profile of the startups
NoBroker $50 Mn Online Real Estate Startup
Upstox $ 25 Mn Online stock market investment platform
IndWealth $15  Mn Financial advisory Platform
Zenoti $50 Mn SaaS startup focused on spa & saloon
Locus $22 Mn Logistics Startup
 

Moglix

 

$60 Mn

 

B2B E commerce startup

 

Wow Momo

 

$23 Mn

 

Quick service resturant

 

Ok Credit

 

$83 Mn

 

Fintech startup

 

Ninjacart

 

Rs 625 crores

 

Agritech startup

 

Tiger Global’s massive funding corpus will also set the buoyant mood, especially because it has come at a critical time when doubts are been repeatedly raised over sustainability of high profile startups and huge market valuation they command. Suddenly in the aftermath of WeWork’s IPO fiasco and market’s lackluster response to Uber’s public issue, it seems that startups bubble is finally coming to bust and the long drawn party is now nearing the climax.

Back in India, the mood in the Indian startup industry isn’t very buoyant either, with Oyo recently announcing a massive layoff and major consolidation been witnessed across the sector.

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