Tiger Global, is in talks with investors to raise $10 billion for a new growth equity fund. These speculations come barely a month after the New York-based investment firm raised a whopping $6.65 billion in its thirteenth edition of global fundraising, making it the biggest corpus so far. In its twelfth fund last year, the platform raised $3.75 billion in capital commitments.
This new round of funding will be fifteenth in number. During this year, the firm has already participated in 100 investment rounds leading to $22.2 billion in funding for private tech firms. The firm is also reinstating its strong foot-holding in India by investing in upcoming start-ups. It has backed six start-up unicorns in India in 2021, including Gupshup, Sharechat, Innovaccer, Chargebee, Infra.Market, and Groww, while also participating in CRED’s $215 million funding in April this year.
Recently, Tiger Global has invested heavily, an amount of $25 million in Coinswitch Kuber which is a cryptocurrency platform. It also invested $40 million in Pristyn, a healthcare start-up. The firm is also in talks to lead funding of $100 million in Cleartax, a fintech platform.
Categories: Venture Capital