Venture Investing

How Tiger Global redefined the 3Vs of India’s startup ecosystem

The last year or so has been annus horribilis for investing in India with both funding levels and sentiment falling off a cliff. There are a lot of theories, that this outcome is a result of Lee Fixel and Tiger Global's unwarranted bullishness on India. Is this assertion true?

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“Unfortunately, due to just one individual, Lee Fixel of Tiger Global, Flipkart has gone from being a poster child to being the single biggest risk to the technology ecosystem.” So opined Sharad Sharma, founder of iSpirt and a prominent angel investor in India in mid-2015. This is not an isolated opinion. Several others in the Indian startup ecosystem are wont to blame Lee Fixel for the purported funding bubble and the attendant risks it engenders.

Is this assertion true? Is Lee Fixel really the one who created a funding bubble…

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