New York-based Tiger Global Management, an investment firm was founded in 2001 by Chase Coleman III. It has investments globally focused on various domains including internet, technology, media consumer, along with industrial sectors.
Tiger Global was one of the early entrants in the Indian market, making its entry into India with a modest investment in Flipkart early in 2009. Which turned out to be one of its biggest bets in India with even bigger returns.
It really made its mark in the Indian market in 2015, making more than two dozen investments in the Indian startups led by the New York-based firms partner Lee Fixel.
Here is a list of top 10 high-value investments by Tiger Global, since its entry in the Indian market:
Flipkart: This Indian e-commerce giant has undeniably been one of the best investments by the firm in India. It had first invested $9 million in Flipkart way back in 2009. Since then Flipkart has grown from a modest e-commerce platform to a leading e-commerce platform in India, venturing out into many other domains.
With the latest acquisition of Flipkart by Walmart for a whopping $16 billion, Tiger Global is expected to make about $3.3 billion on its investments in Flipkart.
JustDial: India’s local search engine founded by Mr. Venkatachalam Sthanu Subramani Mani in 1996 was its first investment in India in 2007. It had made an investment of ₹74 crores and completely exited from JustDial in 2014-15, making a whopping ₹1,331 crores on a total investment of ₹101 cores.
Shopclues: This online marketplace founded in 2011 by Sanjay Sethi, Sandeep Aggarwal, and Radhika Aggarwal was the first investment in a series of high-value investments by Tiger Global starting in 2015. Tiger Global had invested $100 million leading the series D funding for Shopclues.
Quikr: India’s No.1 classified ads platform was founded by Pranay Chulet and Jiby Thomas in 2008. Quikr received $150 million in series H funding led by Tiger Global.
Grofers: This online grocery shopping platform founded by Saurabh Kumar and Albinder Dhindsa founded in 2014, grabbed Tiger Global’s attention early on. Grofers received an investment of $10 million in series A in February 2015 and again of $35 million in series B in April 2015.
Ola: India’s leading cab aggregator received $400 million in series E funding by Tiger Global, held in April 2015. Ola has expanded its business by venturing into food delivery by acquiring Foodpanda and it has also started overseas operations in Australia. In a recent development, Ola is now making money on every ride and is aiming for profitability by 2019.
PolicyBazaar: An online insurance selling platform had received $40 million from Tiger Global in its series D funding. It has since become one of the leading online insurance providers, giving a stiff competition to its competitors including Coverfox and others.
FreshDesk: It is a custom support and ticketing software founded by Shan Krishnasamy and Girish Mathrubootham. FreshDesk provides support to the business of different sizes and has been doing a good job in its domain. It raised $50 million in series E in 2015.
Delhivery: A third-party logistics service platform founded in 2011 by Kapil Bharati, Sahil Barua, Bhavesh Manglani, Suraj Saharan, and Mohit Tandon received $85 million in series D from Tiger Global. Delhivery has since grown into over 1,200 cities catering to 3,000 clients with a size of over 15,000 team size.
TVF Play: Over-the-top platform TVF caters to the Indian youths, providing them with quality media content. It has been a leader in its domain, competing with the likes of EIC and AIB. It first received funding from Tiger Global in 2016, in a more recent news, TVF has again raised an additional $6 million again from Tiger global.