Although the New York-based private equity firm participated in fewer funding rounds, it cut its biggest cheque of $200 million for edtech unicorn Byju’s and followed it up with over a $100 million infusion in Zomato, India’s leading food delivery platform.
According to Tracxn data, 20% of the 76 private equity rounds that Tiger Global participated in 2020 were in India. And it invested across sectors. Known for being an early investor in Flipkart and a prominent backer among India’s SaaS startups, the private equity firm expanded the spectrum of its India portfolio to include edtech and fantasy sports.
According to Venture Intelligence, Tiger Global’s investment in India tallied at $529 million, second only to SoftBank Group Corp., which invested $799 million in India. Other big investors in the ecosystem included Sequoia Capital India, General Atlantic, and Steadview Capital.
Commenting on its years’ long relationship with Tiger Global, Nitin Saluja, founder of Chaayos, said all its investors bring “an outside perspective and bring up points that make us think farther and deeper.”
Tiger Global did not respond to ET’s query until press time.