tiger global

According to SEC filings, ICONIQ Growth has raised $5.21 billion across two funds affiliated with the Seventh Growth Fund Family. However, the firm’s original fundraising was $5.75 billion, according to…

ICONIQ Growth raises $5.75B seventh flagship fund

Innovaccer, a health tech startup that aggregates patient data across systems and care settings, is in advanced stages of talks with investors to raise as much as $250 million in…

Tiger Global-backed Innovaccer in talks to raise $250M in new funding, sources say

Social media startup ShareChat’s valuation has cratered below $2 billion from nearly $5 billion in a new funding round.

ShareChat’s valuation drops below $2B after new funding round

Captain Fresh, a business-to-business harvest-to-retail marketplace for animal protein, is engaging with investors to raise up to $50 million in fresh funding, according to sources familiar with the matter. The…

India’s Captain Fresh in talks to raise $50 million in new funding

At a time when many startups are struggling to raise funding or are raising but at lower valuations, it’s notable when companies raise at flat or higher valuations. Especially when…

Briq, a startup that uses AI to automate finances in construction, brings in $8M extension at a $150M valuation

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India widens regulatory grip over tech firms

In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s most populous market. Additional regulations are on the horizon in 2024 as New Delhi continues a regulatory shift to more tightly govern…

3:23 am PST • January 3, 2024
India widens regulatory grip over tech firms

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Tiger Global chieftain Scott Shleifer transitions to advisory role after wild ride

Tiger Global Management is going through a major management change. Per a message that founder Chase Coleman sent this afternoon to investors of the 22-year-old venture- and hedge-fund outfit and obtained by TechCrunch, Coleman is taking over both the outfit’s public company investing and private equity businesses, while the longtime…

2:19 pm PST • November 21, 2023
Tiger Global chieftain Scott Shleifer transitions to advisory role after wild ride

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Indian fintech unicorn Slice secures rare approval to merge with bank

Indian unicorn fintech Slice is merging with North East Small Finance Bank, they said Wednesday after receiving the approval from the central bank, in an extremely rare feat that has eluded many tech giants, top financial startups and tycoons for decades. Slice — which earlier offered credit card–like cards and…

11:30 pm PDT • October 3, 2023
Indian fintech unicorn Slice secures rare approval to merge with bank

Koo, India’s alternative to Twitter, is looking to find a strategic partner with a “distribution strength” as it enters its “next phase,” according to its co-founder, amid a funding crunch…

Koo, India’s Twitter alternative, seeks strategic partner amid funding crunch

Walmart has spent $3.5 billion this year to acquire shares from certain Flipkart stakeholders and resolve liabilities with some PhonePe shareholders, illustrating just how aggressively it’s betting on India at…

Walmart pays $3.5B to increase stake in India’s Flipkart

Tiger Global sold its Flipkart stake at a valuation 7% below the startup’s last primary round. This outcome isn’t likely to happen again.

Deal Dive: Most secondary sales in venture won’t look like Tiger’s Flipkart deal

Vineet Rao, co-founder and chief executive of Indian social commerce DealShare, has stepped down from the top role, the Tiger Global- and Alpha Wave Global-backed startup said Monday. Rao will…

Social commerce DealShare’s CEO steps down

Fidelity has slashed the estimated worth of its holding in SaaS startup Gupshup by over 20% in a month and by more than 50% since the original investment in the…

Fidelity deepens valuation cut for SaaS startup Gupshup

Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction took…

Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake

Tiger Global, DST Global, Peak XV, Steadview Capital and Kotak Private Equity are among global and Indian investors that have asked Prime Minister Narendra Modi to reconsider India’s recently announced…

Peak XV, Tiger Global, others urge PM Modi to review India’s online gaming tax

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India’s startup funding slides 68% after Tiger and SoftBank make virtually no deals

Indian startups experienced a significant contraction in funding in the first half of 2023 as some kingmaker late-stage backers quelled new investments in the South Asian nation amid a slowdown in the broader public market. The first six months of 2023 saw Indian startups raise a mere $5.46 billion, a…

12:36 am PDT • June 29, 2023
India’s startup funding slides 68% after Tiger and SoftBank make virtually no deals

Lee Fixel’s Addition is looking to raise $1.5 billion venture capital fund as the former Tiger Global executive continues to secure large sums of money despite the slowdown in the…

Lee Fixel’s Addition raising $1.5 billion for its fifth fund in four years

Proptech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion…

NestAway, once valued at over $225 million, sells for $11 million

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Filings reveal PE and VC returns amid escalating write-downs

Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billions in apparent profits to evaporate as the economic downturn undermines the sustained growth of the last 13 years. The California Pension System, the largest pension system in the U.S. whose investments are sprinkled…

10:54 am PDT • June 1, 2023
Filings reveal PE and VC returns amid escalating write-downs

As companies look to update their databases, especially in a cloud-native context, with so many different databases out there, it’s a huge challenge for developers when migrating from one environment…

Ariga is helping developers define database schema as code

Infinite Uptime, an Indian industrial IoT startup that offers predictive maintenance solutions for machinery, has secured an additional $18.85 million as part of an ongoing funding round led by Tiger…

Tiger Global backs Indian industrial IoT startup Infinite Uptime in $18.8M funding round

Egyptian fintech Axis has launched its digital payments platform to the North African market after securing a license from the apex bank, Central Bank of Egypt (CBE), for its open-loop…

Tiger Global-backed Axis launches digital payments platform for Egyptian SMEs months after its $8.25M seed 

The business of platforms for purchasing goods and services — in other words, procurement — is alive and well. Case in point, Zip, a startup developing procurement software, yesterday announced…

Procurement platform Zip raises $100M at a $1.5 billion valuation

About two-dozen venture capital firms say they are teaming up to “build a robust movement” in the VC business to combat the climate crisis. The group calls itself the Venture…

Big-time VCs link arms for climate coalition

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Blank Street cracked the code on making coffee shops attractive to VC

Blank Street’s focus on efficiency appeals to venture capitalists but time will tell if its approach draws in long-term customers.

6:00 am PDT • April 19, 2023
Blank Street cracked the code on making coffee shops attractive to VC

PhonePe has raised another $100 million as part of an ongoing round, a deliberation that has now helped it pull $450 million in recent weeks despite the market downturn, as…

Tiger Global and Ribbit invest another $100 million in PhonePe

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Tiger Global says India returns have ‘sucked historically’ but remain bullish

Tiger Global believes India is likely to produce the highest equity returns globally in the future, its partner Scott Shleifer said on an investor call Tuesday, projecting high confidence in the key overseas nation even as he admitted that the world’s second largest internet market has delivered below average returns…

1:14 am PST • February 1, 2023
Tiger Global says India returns have ‘sucked historically’ but remain bullish

GoMechanic has laid off 70% of its workforce as the Sequoia India-backed startup grapples with a funding crunch after the existing and prospective investors found that the founders had misstated…

Sequoia-backed GoMechanic cuts 70% jobs amid ‘grave errors’ in financial reporting

One startup is banking on the fact that businesses are eager to earn as much yield as possible on their cash. Mayfair is a new fintech startup that offers businesses…

Backed by Tiger Global, Mayfair emerges from stealth to offer businesses a higher yield on their cash

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Dispatch from Bangalore, end of 2022 edition

In 2014, Prayank Swaroop made a pitch to the storied venture firm Accel, where he worked as an associate, about future marketplaces in India. At the time, Flipkart and Snapdeal were the only two e-commerce startups in India that had shown a semblance of scale. Swaroop made a case that…

11:14 pm PST • December 29, 2022
Dispatch from Bangalore, end of 2022 edition
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