Tiger Global is looking to invest $100 million into Groww, an online investment firm. The investment firm is reportedly valued at $1 billion. The funds, that will be raised, will help the five-year old platform in its expansion.
Tiger Global is an investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries.
Launched in 2001, its public equity business applies a fundamentally oriented, long-term investment approach. It seeks to invest in high-quality companies that benefit from powerful secular growth trends and are led by excellent management teams.
Since 2003, its private equity business has invested in hundreds of companies across more than 30 countries, including investments ranging from Series A to pre-IPO.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.