One of the earliest backers of several Indian start-ups, US-based Tiger Global Management, has recently announced that it has closed a $3.8bn global fund. The company plans to use this fund to continue its aggressive investment in tech startups in China, India, and the US.
The strategy for the new fund will be similar to the previous funds, said a TOI report quoting sources.
Apart from the company’s fund, Tiger is also in talks to lead the next rounds of investment for Dream 11 and Inshorts. The development of the new fund comes at a time when several investors are tweaking the strategy in India.
However, many investors still feel that ideas with a clear sense of revenue generation would still raise investments.
Tiger has actively invested in many of the Indian start-ups. In its initial days in India, the company backed several consumer-centric platforms like Flipkart, Ola, ShopClues and Hike Messenger.
Last year alone, Tiger has backed about two dozens of start-ups, including OkCredit, CleverTap, and Ninjacart.
