Tiger Global Management is yearning for $6 billion for its next venture budget, even after documenting the value.
US enterprise firm Tiger Global Management is glancing to raise a new fund with a target corpus of $6 billion to capitalize on early-stage startups in India as well as other markets.
That’s smaller than the $8 billion some customers had originally been instructed the firm would likely target, as markets have changed and as Tiger Global focuses more on early-stage venture bets, according to people familiar with the matter, who asked not to be specified discussing private communications.
In a message to its investors wanting to raise the new fund, Private Investment Partner or PIP 16, Tiger Global said it will focus on “under-penetrated categories” with immediate and long-term growth abilities such as internet-enabled enterprise software, fintech and consumer firms, the Bloomberg report said.
Tiger is a contentious early-stage investor and has supported the likes of Flipkart, Zomato, Sharechat, Delhivery, Groww, Ola, Unacademy, Dream11, and Inframarket.
It has existed as one of the enormous overseas investors to capitalize on early-stage startups in India.
