tiger global

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 from founder Chase Coleman sent this afternoon to investors of the 22-year-old venture- and hedge-fund outfit and obta

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

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

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, ami

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

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 bett

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

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.

Social commerce DealShare’s CEO steps down

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 work wi

Fidelity deepens valuation cut for SaaS startup Gupshup

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 latest brutal markdown across private m

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

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 plac

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

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 an

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

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

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 market. Fixel&

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

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 in value for the startup

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 susta

Ariga is helping developers define database schema as code

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 environmen

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

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

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 mobile wallet,

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

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 anno

Big-time VCs link arms for climate coalition

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 Climate Allia

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.

Tiger Global and Ribbit invest another $100 million in PhonePe

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 the Indian fintech giant bu
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