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Tiger Global closes new fund to continue funding Indian tech startups

Nabanita Dutta

News Editor

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.