Tiger Global in talks to raise $10B
Investment firm Tiger Global is in discussions with investors to raise $10 billion for a new growth equity fund.
The news comes a month after the firm raised $6.65 billion in its thirteenth global fund, its biggest corpus so far. It had also raised $3.75 billion in capital commitments in its twelfth fund last year.
The latest fund, which will be its 15th fund, is expected to have a first close in October and a final close in March next year, the report stated.
Tiger Global has been on a funding spree worldwide in recent months. In 2021, it has already participated in 100 investment rounds that have raised a sum of $22.2 billion for private tech firms, as per data from PitchBook.
This deal spree has also spread to India, wherein the firm has re-emerged as an aggressive investor in the local startup ecosystem over the last two years.
It has created six startup unicorns in India this year including Sharechat, Innovaccer, Infra.Market, Gupshup, Groww, and Chargebee, while also taking part in Cred’s $215 million funding round last month.
In recent weeks, Tiger Global has also invested $25 million in cryptocurrency platform Coinswitch Kuber and $40 million in healthcare startup Pristyn Care. The firm is in conversations to lead a $100 million funding in fintech platform Cleartax.
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