tiger global
AI hardware has taken on a new shape with Friend’s $99 necklace — a pendant that gives you an AI friend to talk to and…
According to SEC filings, ICONIQ Growth has raised $5.21 billion across two funds affiliated with the Seventh Growth Fund Family. However, the firm’s original fundraising was $5.75 billion, according to…
Innovaccer, a health tech startup that aggregates patient data across systems and care settings, is in advanced stages of talks with investors to raise as much as $250 million in…
Social media startup ShareChat’s valuation has cratered below $2 billion from nearly $5 billion in a new funding round.
Captain Fresh, a business-to-business harvest-to-retail marketplace for animal protein, is engaging with investors to raise up to $50 million in fresh funding, according to sources familiar with the matter. The…
Briq, a startup that uses AI to automate finances in construction, brings in $8M extension at a $150M valuation
At a time when many startups are struggling to raise funding or are raising but at lower valuations, it’s notable when companies raise at flat or higher valuations. Especially when…
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India widens regulatory grip over tech firms
In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s most populous market. Additional regulations are on the horizon in 2024 as New Delhi continues a regulatory shift to more tightly govern…
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Tiger Global chieftain Scott Shleifer transitions to advisory role after wild ride
Tiger Global Management is going through a major management change. Per a message that founder Chase Coleman sent this afternoon to investors of the 22-year-old venture- and hedge-fund outfit and obtained by TechCrunch, Coleman is taking over both the outfit’s public company investing and private equity businesses, while the longtime…
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Indian fintech unicorn Slice secures rare approval to merge with bank
Indian unicorn fintech Slice is merging with North East Small Finance Bank, they said Wednesday after receiving the approval from the central bank, in an extremely rare feat that has eluded many tech giants, top financial startups and tycoons for decades. Slice — which earlier offered credit card–like cards and…
Koo, India’s alternative to Twitter, is looking to find a strategic partner with a “distribution strength” as it enters its “next phase,” according to its co-founder, amid a funding crunch…
Walmart has spent $3.5 billion this year to acquire shares from certain Flipkart stakeholders and resolve liabilities with some PhonePe shareholders, illustrating just how aggressively it’s betting on India at…
Tiger Global sold its Flipkart stake at a valuation 7% below the startup’s last primary round. This outcome isn’t likely to happen again.
Vineet Rao, co-founder and chief executive of Indian social commerce DealShare, has stepped down from the top role, the Tiger Global- and Alpha Wave Global-backed startup said Monday. Rao will…
Fidelity has slashed the estimated worth of its holding in SaaS startup Gupshup by over 20% in a month and by more than 50% since the original investment in the…
Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction took…
Tiger Global, DST Global, Peak XV, Steadview Capital and Kotak Private Equity are among global and Indian investors that have asked Prime Minister Narendra Modi to reconsider India’s recently announced…
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India’s startup funding slides 68% after Tiger and SoftBank make virtually no deals
Indian startups experienced a significant contraction in funding in the first half of 2023 as some kingmaker late-stage backers quelled new investments in the South Asian nation amid a slowdown in the broader public market. The first six months of 2023 saw Indian startups raise a mere $5.46 billion, a…
Lee Fixel’s Addition is looking to raise $1.5 billion venture capital fund as the former Tiger Global executive continues to secure large sums of money despite the slowdown in the…
Proptech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion…
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Filings reveal PE and VC returns amid escalating write-downs
Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billions in apparent profits to evaporate as the economic downturn undermines the sustained growth of the last 13 years. The California Pension System, the largest pension system in the U.S. whose investments are sprinkled…
As companies look to update their databases, especially in a cloud-native context, with so many different databases out there, it’s a huge challenge for developers when migrating from one environment…
Infinite Uptime, an Indian industrial IoT startup that offers predictive maintenance solutions for machinery, has secured an additional $18.85 million as part of an ongoing funding round led by Tiger…
Tiger Global-backed Axis launches digital payments platform for Egyptian SMEs months after its $8.25M seed
Egyptian fintech Axis has launched its digital payments platform to the North African market after securing a license from the apex bank, Central Bank of Egypt (CBE), for its open-loop…
The business of platforms for purchasing goods and services — in other words, procurement — is alive and well. Case in point, Zip, a startup developing procurement software, yesterday announced…
About two-dozen venture capital firms say they are teaming up to “build a robust movement” in the VC business to combat the climate crisis. The group calls itself the Venture…
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Blank Street cracked the code on making coffee shops attractive to VC
Blank Street’s focus on efficiency appeals to venture capitalists but time will tell if its approach draws in long-term customers.
PhonePe has raised another $100 million as part of an ongoing round, a deliberation that has now helped it pull $450 million in recent weeks despite the market downturn, as…
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Tiger Global says India returns have ‘sucked historically’ but remain bullish
Tiger Global believes India is likely to produce the highest equity returns globally in the future, its partner Scott Shleifer said on an investor call Tuesday, projecting high confidence in the key overseas nation even as he admitted that the world’s second largest internet market has delivered below average returns…
GoMechanic has laid off 70% of its workforce as the Sequoia India-backed startup grapples with a funding crunch after the existing and prospective investors found that the founders had misstated…
Backed by Tiger Global, Mayfair emerges from stealth to offer businesses a higher yield on their cash
One startup is banking on the fact that businesses are eager to earn as much yield as possible on their cash. Mayfair is a new fintech startup that offers businesses…
