Tiger Global’s $1 Billion Startup Spending Spree

Tiger Global, the hedge fund noted for raising billions of dollars to invest in fast-growing companies, is, well, raising billions of more dollars to invest in fast-growing companies.

[bctt tweet=”Tiger’s raised billions of more dollars to invest in fast-growing companies.”]

TechCrunch said Monday (Nov. 30) that the fund has most recently — as depicted in recent regulatory filings — raised $2.5 billion as of the end of November. That comes after $2.5 billion raised at the end of last year, where $1 billion was invested through 2015 in more than 50 companies.

Of that tally, 18 investments have sprung from India, and that region has yielded stakes in Flipkart, Uber competitor Ola, robotics startup Grey Orange and Saavn, a music streaming outfit. The push into India has come alongside a management shuffle that has brought a singular head to the private equity business — Lee Fixel.

Outside of India, Tiger has taken notable slices of equity from Amazon competitor, Postmates and Airbnb. And, in China, it backed Uber rival Didi Kuaidi, as well as GrabTaxi. Those investments come alongside similar investments from firms, such as SoftBank, in the Asia region.

TechCrunch posited the new capital earmarked this year likely will go to “doubling down on its most recent bets” in India and finding new investments in that country, marked by a growing economy and the growing startup culture.

In reference to valuations, Tiger’s new fundraising, said TechCrunch, ties in with the recent move by Fidelity Capital to mark up holdings that it maintains in Dropbox and Snapchat, among other firms. And yet those markups come even after the latter firm had in the past written down the value of those exact holdings, which the site said shows an example of the fluidity of the valuation process itself in an age when funds can somewhat arbitrarily choose to do so.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.