Hedge funds make a comeback in India; bet on 25 start-ups this year

Deal volumes similar to 2014, half of 2015, and thrice the deal volume in 2016 and 2018

Hedge funds, which led the start-up funding boom in 2015, are making a comeback, after taking a pause for a few years. And, it is not just Tiger Global, which has invested in 15 start-ups this year. Many other hedge funds, such as Falcon Edge Capital, Steadview Capital, Hillhouse Capital and Altimeter Capital, have resumed investing in India.

Steadview Capital has already invested $200 million in India this year, investing in start-ups such as Unacademy, Ninjakart, and Dream11. Falcon Edge Capital has backed start-ups such as Stanza Living, WickedRide, Mswipe, Locus and Credit Vidya, helping these companies raise around