At the beginning of 2020, it looked like Indian startups were spoilt for choice when it came to choosing an investor. By one estimate, there was more than $7 billion $7 billion The Economic Times VCs start new calendar year with $7 billion left to invest Read more of dry powder in terms of reserves across funds that invest in India. Every segment of the funding spectrum—from seed-stage to Series C and beyond—seemed to have a number of service providers.
Why Tiger Global is (once again) India’s most important VC
Tiger Global once changed the funding landscape in India by “breaking the mould”—resetting expectations about amounts, valuations, and ambitions. With India’s relationship with China eroding and SoftBank’s influence waning, can it repeat its exploits?
Tiger Global’s Scott Shleifer has been bullish about India, making big, bold and quick bets
It largely stuck to mid-market and later-stage deals with just a couple of early-stage deals below $5 million
Its 2019 investments like Ninjacart, Byju’s, and Vedantu are in segments that will benefit from the lockdowns
But the bigger question is what Tiger Global’s opportunity means for the broader startup ecosystem