Page 2 - Tiger Global

Which investors will lose the most money because of FTX's implosion?

Out of all the investors, at least two major shareholders, Sequoia and Paradigm, have decided to mark their investments down to zero

Tiger Global offloads 2.98% shares of PB Fintech worth Rs 522 crore

Tiger Global Management on Monday offloaded shares of Policybazaar's parent firm PB Fintech for Rs 522 crore through open market transactions. PB Fintech operates online insurance platform Policybazaar and credit comparison portal Paisabazaar. According to the bulk deal data available with the National Stock Exchange (NSE), funds managed by Tiger Global -- Tiger Global Eight Holdings and Internet Fund III Pte -- sold a total of 1,34,17,607 shares, amounting to 2.98 per cent stake in the company. The shares were disposed of at an average price of Rs 389.38-Rs 389.44 apiece, taking the transaction value to Rs 522.50 crore. Meanwhile, WF Asian Reconnaissance Fund acquired 50 lakh shares of the company. Last week, Tiger Global Management divested 3.5 per cent stake in PB Fintech. As of quarter ended September, Tiger Global through its fund Tiger Global Eight Holdings owned 4.23 per cent and through Internet Fund III Pte held 2.87 per cent stake in the company, shareholding data showe

Tiger Global sells 3.5% stake in PB Fintech for nearly Rs 606 crore

Tiger Global Management on Friday divested 3.5 per cent stake in Policybazar's parent firm PB Fintech for nearly Rs 606 crore through open market transactions. Funds managed by Tiger Global -- Tiger Global Eight Holdings and Internet Fund III Pte -- sold a total of 1,60,56,422 shares, amounting to 3.57 per cent stake in the company, as per bulk deal data available with the National Stock Exchange (NSE) and BSE. The shares were disposed of at an average price of Rs 374.09-Rs 388.34 apiece, taking the transaction value to Rs 605.86 crore. However, buyer(s) of the shares could not be ascertained. As of quarter ended September, Tiger Global through its fund Tiger Global Eight Holdings owned 4.23 per cent and Internet Fund III held 2.87 per cent stake in the company, shareholding data showed with the exchanges. On Friday, shares of PB Fintech closed 6.95 per cent higher at Rs 399.90 on NSE and Rs 399.30 on BSE.

Tiger Global-backed Wow! Momo elevates CMO Muralikrishnan to co-founder

He officially joined the founders in 2018 and began by leading the store-level growth hacking to brand development and was later named the group's CMO

Truly sorry to those who'll have to leave Byju's, says Raveendran to staff

The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees

PhonePe in talks to raise $700 million at $12 billion valuation

Digital payments firm seeking investors' support to scale up operations and compete with rivals

EV solutions start-up Vecmocon raises $5.2 mn for business expansion

Company assists OEMs and others with the latest technology and components

QSR chain Wow! Momo raises Rs 125 cr from OAKS Asset for business expansion

"We expect Wow! Momo to not only gain domestic market share in India but also to be the first global sized QSR company from India," said Vishal Ootam, founder and CEO of OAKS Asset Management

PE, Sovereign funds making larger investments in Indian tech firms

PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more

Unacademy CMO Karan Shroff quits firm year after being made partner

CEO recently said edtech unicorn may see a funding dry spell for at least 12-18 months and it would cut costs

Primary market revival is still some time away, say analysts

Inflation trajectory and the actions of global central banks, especially the US Fed will be keenly watched by market participants. In this backdrop, primary markets will remain in wait and watch mode

CoinSwitch launches $10 mn fund to support start-ups, blockchain tech

Web3 Discovery will give entrepreneurs access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures

Changing customer behaviour helps establish new age e-commerce models

New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come

Zomato's weightage in FTSE indices to rise to 24.9% from August 11

Shares of Zomato gained 2 per cent to close at Rs 55.6

Tiger Global sells 2.34% stake in Zomato, sells 185 million shares

Tiger Global's Internet Fund VI Pte Ltd had a holding of 5.11 per cent in the online food delivery platform before the sale

Tiger Global and SoftBank trim investments in India by over a third in 2022

Start-ups feeling the heat, but funds like PremjiInvest increasing exposure

Porter completes divestment of Modern Trade business to COGOS Technologies

This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions

Sequoia, Tiger Global lead startup funding in Apr-Jun in India: Report

Venture capital firms Sequoia Capital and Tiger Global led funding in Indian startups during April-June, with the fintech sector attracting most of the USD 6 bn (about Rs 47,870 crore) investments

Byju's offers to buy US-listed edtech firm 2U for over $1 billion

Byju's made the offer of about $15 a share to 2U's board last week, said the person, who asked not to be named as the bid isn't yet public

Nuclear power is the future. Tiger Global and Bill Gates know it

Nuclear power stands to be the solution, or at least fill major energy gaps, in the coming years