Tiger Global closes mega fund to invest in India, China and US

American hedge fund company, Tiger Global Management, has closed a $3.75 billion global private investment vehicle, as per media reports.

India will be among the three key focus geographies for the new vehicle – Tiger Global Private Investment Partners XII – along with China and the US. The firm had emerged as one of the most aggressive backers of startups in the country in 2019 with 23 deals, as per data from Tracxn.

As per the regulatory filings, the new fund comes after Tiger Global closed PIP XI in late 2018 after raising the same amount. Also, the investor is likely to lead a $500 million funding round in fantasy gaming platform Dream11, owned by Sporta Technologies Pvt. Ltd, three people aware of the matter told media.

Dream11 could get a funding of $200 million through primary infusion and secondary share purchase from Kalaari Capital, Think Investment and private equity firm Multiples at a valuation of close to $2.5 billion, the people cited above said to media.

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