Global investment firm Tiger Global has reportedly raised $3.75 Bn for its latest venture capital fund, Tiger Global Private Investment Partners XI, surpassing its initial target of $3 Bn — one of the highest venture capital funds closed this year.
Other highest funds closed this year include YF Capital’s Yunfeng III fundraise of $2.5bn in July, Tunlan Investment’s Xiong’ Global Blockchain Innovation Fund closed in April with $1.6bn, and Sequoia Capital’s $6bn fundraise in June.
According to The Financial Times report, Tiger Global will focus the fund, which was closed on October 15, towards investment on consumer Internet, cloud computing, Industry software as well as direct-to-consumer companies.
Inc42 had earlier reported that the New York-based Tiger Global had specifically mentioned India as one of the focussed countries in its documents. The report confirms that along with India, the fund will also be invested in other geographies including the US and China.
The firm is said to focus its investments in both mid-and growth-stage companies focussed on sectors like ecommerce, logistics, business-to-business (B2B) commerce firms,digital media/content ventures, etc.
A Quick Rundown Of Tiger Global’s Investment In Indian Companies
With Tiger Global Private Investment Partners XI, the firm is expected to actively place its bets on Indian startup ecosystem. Meanwhile, here are the firm’s previous investment in Indian startups:
- Tiger Global raised a global fund of $2.5 Bn for Tiger Global Private Investment Partners X. The firm said to utilise its tenth VC fund towards investment in technology and internet companies.
- Prior to this, the firm has invested around $2 Bn in 35 Indian startups, including Ola, Quikr, Shopclues, Delhivery, Freshdesk, Grofers, Zo Rooms, among others.
- Tiger Global had bet $1 Bn on Flipkart since 2009, had made over $3.3 Bn in the transaction and still owns around 5% stake in the company.
Globally, the firm’s Private Investment Partnership funds have invested in more than 230 companies, including Spotify, Harry’s, Warby Parker, Peloton, JD.com, Facebook, LinkedIn, Yandex, Mail.ru Group, Despegar, Flipar, among others.