Tiger Global Makes Mass Investment In 4 Indian Startups

Tiger Global, one of the top investing VC body in India has invested in a host of startups in India which includes language learning platform CultureAlley, expense tracking app MoneyView, on-demand logistics startup Grofers and fashion discovery platform Roposo.

Tiger Global has invested in some eight Indian startups in recent weeks as it prepares to set up its new office in the country in Bengaluru, after shutting down in 2009, to be led by Flipkart's former CFO, Kalyan Krishnamurthy.

The average ticket size for the deal is likely to be around $4-5 million each.

The New-York based VC firm is led by Lee Fixel, 35, who swept into India earlier this month intends to deploy up to Rs 1,555 crore ($250 million) in India by March this year. A sizeable portion may be invested across 15-20 early-stage deals.

Earlier, just 10 days ago Tiger Global has invested US$4 million in News In Shorts, a Noida-based mobile app startup.

Additionally, in month of February only Mumbai-based startup Culture Machine Media Pvt. Ltd has raised a whopping $10 million from Tiger Global in its Series B funding round.

Notably, Tiger Global has played pivotal role in Flipkart success as it has invested close to $800 million across several rounds in Flipkart. Apart from the sheer size of his firm's investments in India - it has so far invested nearly $1.5 billion (Rs 9,300 crore) in Indian startups.

Tiger has also bought stake in taxi app Olacabs, online marketplace Shop-Clues and online property search platform CommonFloor.

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