Lee Fixel, Partner at Tiger Global Management, has reportedly stepped down from the board of homegrown cab aggregator, Ola. As per filings with the Ministry of Corporate Affairs, the US-based investment firm currently holds a minority stake in Ola.
While the exact reason behind Fixel’s resignation remains undisclosed, it is believed to have taken place last month or earlier this month. It is also not clear whether any of Tiger Global’s representatives currently sits on Ola’s board.
An email query sent to Ola’s communication team did not elicit a response till the time of publication.
So, Who Is Lee Fixel And Why Is He Important?
An alumnus of the Washington University in St. Louis, Lee Fixel joined Tiger Global as a Partner in 2006. In the last decade, he has been the main driving force behind the firm’s private equity and venture capital operations.
In 2007, long before international investment giants Japan’s Softbank and China-based Tencent entered India, Tiger Global placed its bets on the country’s booming consumer Internet sector. Under the leadership of Lee Fixel, the firm led major funding rounds in home-bred ecommerce giant Flipkart, Ola and Quikr.
Apart from Ola, Lee Fixel also serves on Flipkart’s board of directors. Globally, some of Tiger Global’s biggest investments have been in Eventbrite, SurveyMoney, Facebook, LinkedIn, Glassdoor, Warby Parker and neighbourhood social network Nextdoor, among others.