Will Tiger Global 2 herald a new dawn for Indian SaaS startups?

Tiger Global’s first coming irrevocably changed B2C investing in India. Its second coming looks just as promising for B2B startups

Not too long ago, $10+ million funding was unheard of in India. Tiger Global changed that

Under Lee Fixel, Tiger invested massive sums in B2C companies in India

Then came Scott Shleifer who has kept up Fixel's momentum, increased it even

But while Fixel’s focus was largely on consumer startups, Shleifer seems to be focusing almost entirely on B2B startups

The startup ecosystem in India today is in a healthy position. There are more startups and more investors than ever before. Startup unicorns, once-mythical creatures, are now commonplace, and no one bats an eye when a barely fledgeling startup announces a seed round of $10+ million.

Amidst all this brouhaha, it is easy to forget that things weren’t always like this.

Just ten years back, there were a handful of startups and a far smaller bunch of investors. A $100,000 funding round was considered respectable and VC decisions took months to move from interest to mandate.

AUTHOR

Sumanth Raghavendra

Sumanth is a serial entrepreneur with more than eighteen years experience in running startups. He is currently the founder of Deck App Technologies, a Bangalore-based startup attempting to re-imagine productivity software for the Post-PC era. Sumanth’s columns appear regularly in leading publications. He holds MBA degrees from the Indian Institute of Management, Bangalore and Thunderbird, The American Graduate School of International Management, USA.

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