Tiger Global raises $3.75 Bn worth 11th fund, to accelerate investments in India

In it’s latest venture capital fund closing, Tiger Global exceeded its own expectations when it raised $3.75 billion after announcing a fund corpus of $3 billion.

This is the 11th fund raised by the VC, and is called Private Investment Partners XI fund. With this, the venture firm plans to target consumer internet based startups along with direct-to-customer companies, cloud and industry focused tech in countries like India, China and US.

This close is supposed to be the highest venture fund raise this year, followed by YF Capital’s $2.5 billion, and Tunlan Investment’s $1.6 billion, as per a report by Preqin in FT.

Earlier, with the Walmart and Flipkart deal, Tiger Global had made $3.3 billion out of its $1 billion worth initial investment, and still held 5 per cent stake in the company. Apart from Flipkart, Tiger Global has giants like Ola in its Indian portfolio along with Delhivery, Nestaway, Grofers, and Chaayos.

On a global level, the company has invested 264 times, and led 139 rounds out those. Globally, its portfolio includes companies like Facebook, Harry’s, Warby Parker, Peloton, LinkedIn, Yandex, Mail.ru Group etc. It has also made partial exits from companies like JD.com, Spotify, Softbank, SurveyMonkey, Glassdoor among others.

The VC generally focuses of mid to late stage funds, but if it sees value it doesn’t shy away from early investments as well.

In India, the firm had stopped making early investments for about three years, as it had seen the economy slow down and more worth in Chinese and US bases startups, but with this fund, the VC has rejigged its plans for India and is expected to restart investing in early staged Indian startups.