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Tiger Global Raises $2.5 Bn for New Fund

Tiger Global Raises $2.5 Bn for New Fund

Investment firm Tiger Global has closed $2.5 Bn in a new funding just 6 months after it raised $1.5 Bn fund in April.

The fund, named as Tiger Global Private Investment Partners IX, saw participation from as many as 521 investors/limited partners.

According to Reuters, which got a hold of a letter written to the investors Tiger Global will be keeping aside $1.5 Bn for a new fund called Tiger Global Internet Opportunities which will be launched in January, 2015. The remaining $1 Bn will be ‘Global Long Opportunities’ fund.

Founded in 2001, Tiger Global invests in segments including internet, technology, real estate, telecommunications, energy, media and retail etc.

Tiger Global is one of the largest investors in Indian tech startups and has investments in firms like Flipkart, Olacabs, Just Dial and MakeMyTrip.

Outside of India, few of its portfolio companies include GrabTaxi, Harrys, Quora, Eventbrite, etc. A few of its famous investments include Facebook, LinkedIn, Russia’s Yandex and China’s Youku.