Non-unicorn portfolio firms scout for new investors as Tiger Global takes back seat

Start-ups such as hotel aggregator Zo Rooms and online local services provider LocalOye, the non-unicorns in US investment firm Tiger Global Management’s India portfolio are looking for new investors to lead their next rounds of funding as Tiger takes a back seat, three people familiar with the matter said.

Like other investors, Tiger Global, one of the most aggressive and powerful venture capital (VC) firms operating in India, is reducing the number of start-up deals and is pushing for consolidation, the three people said.

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