Tiger Global in Talks to Raise $10bn for New Growth Equity Fund

New York-based investment firm Tiger Global is in talks with investors to raise $10bn for a new growth equity fund, reports Axios.

This comes just a month after the firm raised a mammoth $6.65bn in its thirteenth global fund, its biggest corpus so far. It had also racked up $3.75bn in capital commitments in its twelfth fund last year.

The new fund, which will be its 15th fund, is likely to have a first close in October and a final close in March next year, the report said.

Tiger Global has been on a major funding blitz worldwide in recent months. In 2021, it has already taken part in 100 investment rounds that have raised a total of $22.2bn for private tech firms, according to data from PitchBook.

This deal spree has also extended to India, wherein Tiger Global has re-emerged as an active investor in the local startup ecosystem over the last two years.

It has minted six startup unicorns in India this year including Sharechat, Innovaccer, Infra.Market, Gupshup, Groww and Chargebee, while also participating in Cred’s $215m funding round last month.

In recent weeks, Tiger Global has also invested $25m in cryptocurrency platform Coinswitch Kuber and pumped in $40m in healthcare startup Pristyn Care. The firm is in talks to lead a $100m funding in fintech platform Cleartax, ET reported in March this year.

Source: Economic Times

Can’t stop reading? Read more