Tiger Global pumps money in Indian startups as investors line up with funds

The rising interest in India occurs as investment in China's recently booming startup sector faces a steep drop-off

Tiger Global Management has examined at least a dozen deals with Indian startups in recent months, according to multiple people with knowledge of the talks, illustrating global investors’ fierce interest in the country’s technology ecosystem.

The ultra-secretive New York-based hedge fund has closed investments in at least half of these startups -- nearly all of them in fintech or enterprise software segments. Hedge funds, venture capital firms, and the likes of South Africa-headquartered internet group Naspers Ltd. are also chasing India’s rapidly growing consumer internet and enterprise software firms.

The rising interest in India occurs as investment in China’s recently booming startup