Tiger Global closes new fund to continue funding Indian tech startups

10:30:00 PM, Monday 27th of January 2020 | in business

Tiger Global, the US-based hedge fund and one of the most aggressive backers of Indian startups has closed a $3.8 billion global fund that will be used to back the tech startups in India, China and the US. The development is crucial as it comes at a time when multiple larger funds are tweaking their investment strategy in India. In 2019 alone, Tiger Global has backed close two dozens of tech startups in India.