New York-based venture capital firm, Tiger Global Management, has raised a new global fund of $2.5 Bn for investments in private companies, according to a filing with the US regulator Securities & Exchange Commission (SEC).
Named as Tiger Global Private Investment Partners X, this is Tiger Global’s tenth VC fund and be used to invest in technology and internet companies globally.
Earlier last month, ET had reported that Tiger Global is expected to slow down its investments pace in India. Thus, it is expected that the firm will be investing less from the new fund in Indian startups.
It is to be noted that in last one year, Tiger has invested in over 18 Indian startups.
In total, Tiger Global has invested around $2 Bn in 35 Indian startups. A few of its notable investments include Flipkart, Ola, Quikr, Shopclues, Delhivery, Freshdesk, Grofers, Zo Rooms, among others. It is expected that the corpus from the new fund will be used to do follow on rounds in the existing portfolio companies.
Recently, Tiger Global Management has significantly increased its stake in the US listed e-tailer and Flipkart’s rival, Amazon. Tiger bought 2.44 Mn shares of Amazon Inc, taking its total holding in the $90 Bn US ecommerce giant to more than 3.19 Mn shares as of the September quarter.
Last week, Warburg Pincus also closed a $12 Bn private equity fund. The firm has invested in over over $3 Bn in India. In September, Silicon-Valley-based venture capital firm, Lightspeed Venture Partners, has raised $135 Mn (INR 865 Cr) maiden India fund. Besides, in May, it was reported that Bangalore-based Kalaari Capital is raising $275 Mn (INR 1,750 Cr) for its two new funds. In the same month, Mumbai-based investment firm Zodius Capital had raised $110 Mn to invest in startups.
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