Separator

Newyork based Investment Firm Tiger Global eyeing to raise $10 billion for a New Fund

Separator
Tiger Global, a New York-based investment company, is in negotiations with investors to raise $10 billion for a new growth equity fund, reports Axios.

This comes just a month after the company raised $6.65 billion in its thirty-first global fund, the firm's largest corpus to date. Last year, it raised $3.75 billion in capital commitments for its twelfth venture.

The new fund, which will be its 15th, is expected to open in October and close in March of next year.

Tiger Global is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and payments industries. The Firm’s public equity business, founded in 2001, conducts deep fundamental research on our focus industries and geographies and seeks to make long-term investments in the companies.

In recent months, Tiger Global has been on a big funding spree around the world. According to data from PitchBook, it has already participated in 100 funding rounds, raising a total of $22.2 billion for private tech companies by 2021.

Tiger Global has re-emerged as an aggressive investor in India's startup ecosystem over the last two years, continuing its deal-making spree.

In India this year, it has produced six startup unicorns, including Sharechat, Innovaccer, Infra. Market, Gupshup, Groww, and Chargebee, as well as participating in Cred's $215 million funding round last month.