Flipkart-backer Tiger Global is ready with $2.5b new fund to invest in internet businesses

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New York-based investment fund Tiger Global Management has raised a new global fund of $2.5 billion to invest in private companies, as per a filing with the US regulator Securities & Exchange Commission (SEC).

The new fund called Tiger Global Private Investment Partners X will focus on investments in technology and internet companies across the world. This is Tiger Global’s tenth venture capital fund.

Tiger Global raised the same amount for new deals back in November 2014, and has invested more than $1 billion in over 50 companies in 2015. Bulk of these investments were directed towards India and South East Asian countries.

In India alone, the firm has invested in over 18 companies in the internet and technology space till date including e-commerce unicorn Flipkart, cab-hailing platform Ola, hyper-local delivery firm Grofers, online classifieds player Quikr, online shopping marketplace ShopClues and music streaming service Saavn among others.

The firm has also been very active with early stage investments in India and other Asian countries. Bangalore-based RazorPay, an online payment gateway recently raised $9 million in a round led by Tiger Global and Matrix Partners. In July, Vietnam-based gourmet media startup Foody Corporation raised a series C investment round from the Tiger Global.

Many global private equity and hedge funds are looking at India, but Tiger Global and Japan’s Softbank have been the most active as far as investments are concerned. Tiger Global has contributed more than $1 billion in India’s largest ecommerce company FlipKart alone till now, valuing the firm at roughly $15 billion.

Recently, Tiger Global also increased its stake in FlipKart’s rival Amazon, which is engaged in a fierce battle for marketshare with the Indian firm. Globally, the firm has made about 171 investment in 109 companies, according to a data by Crunchbase. 

At various points in time, Tiger has held stakes in China’s Alibaba Group Holdings and Facebook Inc.

Tiger Global Management was founded by Charles Coleman in 2001 and manages $4.4 billion worth of assets. The firm primarily focuses its investments in China, Southeast Asia, Latin America and Eastern Europe.

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