Venture capital firm Tiger Global Management has raised $2.5 billion for a new global fund, according to a filing with US Securities Exchange Commission. The development was first reported by the Economic Times.
The new fund will be called as Tiger Global Private Investment Partners X and Lee Fixel the head of Tiger Global’s private equity and venture capital investing will head the fund.
The Economic Times had earlier reported that Tiger Global will be toning down its investments in India. The venture capital firm is working on a new approach when it comes to giving money to its portfolio companies. Startups that are in leadership positions in the market can expect funding from Tiger Global while laggards have been told to fend for themselves, the publication added.
Tiger Global’s investments in Indian internet companies include e-tailer Flipkart and cab hailing app Ola. Other major India investments include online classifieds player Quikr, online retailer Shopclues, e-tailing-focused logistics firm Delhivery and customer support software maker Freshdesk.
Tiger’s recent investments