Investment Profiling Of Tiger Global Management

Investment Profiling Of Tiger Global Management

It’s raining unicorns, in literal sense! In just 4 months of 2021, India made a breakthrough of getting 13 unicorns. The Indian startup ecosystem is home to approximately 38,815 active startups and dwells over 5,694 active investors. But what is more intriguing is that one of the leading investors in these startups is the Tiger Global Management.

Crux of the Matter

About Tiger Global Management (TGM)
The American investment firm first came in India in 2006-07 and invested in Make My Trip, Just Dial, Future Group, etc. However, it shut its operations in 2009. A year later under the leadership of Lee Fixel, TGM invested in e-commerce platforms Flipkart and Myntra.

TGM’s Investment In Major Indian Startups
As per Venture Intelligence, total investments in the Indian startup ecosystem in just Q1 of 2021 hit a two-year high of $4.2 billion, 40% higher than Q1 of 2020. TGM has invested in 21 Indian Unicorns which is almost 50% of the total unicorns that India dwells. Of the 13 unicorns of 2021, TGM has invested in 7 of them.

TGM Investment In India

But Who Is The Driving Force Behind It?
Tiger Global Management (TGM) is a New York based investment fund focused on the global internet, software, fintech and consumer firms. It was founded in 2001, by Chase Coleman III who was a former technology analyst at Julian Robertson-owned hedge fund Tiger Management.

In 2000, when Robertson shutdown Tiger Management, he handed Coleman with over $25 million to manage, giving birth to Tiger Global Management. TGM was also an early investor in Facebook and LinkedIn. As of 2020, TGM’s assets under management amounted to $50 billion.

  • From the period of 2007 to 2017, according to the Preqin Venture Report, Tiger Global raised the highest amount of capital amongst venture capital firms.
  • In 2020, Tiger Global earned its investors $10.4 billion, more than any other hedge fund on the annual list of the top 20 managers compiled by London fund-of-funds firm LCH Investments.
  • The sociologist Alfred W. Jones is credited with coining the phrase “hedged fund” and is credited with creating the first hedge fund structure in 1949. Jones referred to his fund as being “hedged“, a term then commonly used on Wall Street to describe the management of investment risk due to changes in the financial markets.