Tiger Global
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Walmart Buys Out Tiger Global’s Stake in Flipkart for $1.4 Billion: Report
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors.
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Tiger Global, Other Investors Ask Indian Government to Reconsider Online Gaming Tax, Cite Investment Risk
Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28 percent gaming tax, saying the levy would adversely impact $4 billion (roughly Rs. 32,800 crore) in prospective investments, a letter showed.
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Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
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PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation, Plans to Build New Businesses
Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.
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Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report
Tiger Global and Accel are reportedly in talks to sell their remaining stake in Flipkart to Walmart for about $1.5 billion (roughly Rs. 12,235 crore). Meanwhile, the stake collectively amounts to about 5 percent and would raise Walmart's ownership in Flipkart, according to a report.
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After Uber, Tiger Global Sells 2.34 Percent Stake in Zomato Over Rs. 18.45 Crore
Zomato recently announced that the investment firm Tiger Global has reduced its stake in the company by almost half to 2.77 percent. The firm sold over 18.45 crore shares aggregating to 2.34 percent stake in the company. The news comes a day after Uber was reported to sold its 7.8 percent stake in Indian food delivery firm for $392 million (roughly...
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India's Year of the Unicorn: Startups in Spotlight of 2021 Tech Boom
Overseas funds put more than $35 billion (roughly Rs. 2,60,020 crore) into Indian startups in 2021 — a tripling from 2020 — buying into everything from fintech and health to gaming.
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Mobile Premier League, Other Online Gaming Apps Block Access in Karnataka as Ban Takes Effect
Mobile Premier League (MPL) was among the first few gaming startups that began blocking access to users in Karnataka following a ban on online gaming.
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GoMechanic Secures $42 Million Series C Funding; Plans To Explore Global Opportunities
Auto after-sales service and spare parts startup, GoMechanic, today announced securing an investment of $42 million, nearly Rs. 312 crore, in Series C funding. It is the fourth round of institutional funding for GoMechanic, and this one was led by Tiger Global Management with the existing investors - Sequoia Capital India, Orios Venture Partners& C...
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Zomato Aims to Go Public by Mid-2021, Now Valued at $3.4 Billion: Report
Zomato is preparing to go public. In an email to employees, Zomato founder and CEO Deepinder Goyal has said that it is aiming to file and float an IPO by mid-2021. Meanwhile, Zomato has raised $102.5 million from Tiger Global Management, and pushed its valuation to $3.4 billion.
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Byju's to Add Tiger Global as Investor, Said to Raise $200 Million
Byju's, which offers a mobile app that tutors children, said on Friday is raising an undisclosed sum from US investment firm Tiger Global Management
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Walmart Says It Has Acquired 77 Percent Stake in Flipkart
Walmart now holds approximately 77 per cent of Flipkart, while the remainder of the business is held by other shareholders.
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Flipkart Once Again Said to Be Looking to Raise $1.5 Billion
Flipkart is said to be in discussions with Microsoft, eBay, Tencent to raise anywhere from $1.2 billion to $1.5 billion, enough to carry it through another four years.
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Flipkart Reshuffle Signals Shift to Margins Over Volume
Flipkart and Tiger Global both declined to comment on the reshuffle and its implications.
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Flipkart Gets New CEO As Binny Bansal Takes Over As Group Chief Executive
In a restructuring move, India's e-commerce giant Flipkart has replaced co-founder Binny Bansal as Chief Executive Officer with Kalyan Krishnamurthy.
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Walmart Buys Out Tiger Global’s Stake in Flipkart for $1.4 Billion: Report
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors.
-
Tiger Global, Other Investors Ask Indian Government to Reconsider Online Gaming Tax, Cite Investment Risk
Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28 percent gaming tax, saying the levy would adversely impact $4 billion (roughly Rs. 32,800 crore) in prospective investments, a letter showed.
-
Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
-
PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation, Plans to Build New Businesses
Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.
-
Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report
Tiger Global and Accel are reportedly in talks to sell their remaining stake in Flipkart to Walmart for about $1.5 billion (roughly Rs. 12,235 crore). Meanwhile, the stake collectively amounts to about 5 percent and would raise Walmart's ownership in Flipkart, according to a report.
-
After Uber, Tiger Global Sells 2.34 Percent Stake in Zomato Over Rs. 18.45 Crore
Zomato recently announced that the investment firm Tiger Global has reduced its stake in the company by almost half to 2.77 percent. The firm sold over 18.45 crore shares aggregating to 2.34 percent stake in the company. The news comes a day after Uber was reported to sold its 7.8 percent stake in Indian food delivery firm for $392 million (roughly...
-
India's Year of the Unicorn: Startups in Spotlight of 2021 Tech Boom
Overseas funds put more than $35 billion (roughly Rs. 2,60,020 crore) into Indian startups in 2021 — a tripling from 2020 — buying into everything from fintech and health to gaming.
-
Mobile Premier League, Other Online Gaming Apps Block Access in Karnataka as Ban Takes Effect
Mobile Premier League (MPL) was among the first few gaming startups that began blocking access to users in Karnataka following a ban on online gaming.
-
GoMechanic Secures $42 Million Series C Funding; Plans To Explore Global Opportunities
Auto after-sales service and spare parts startup, GoMechanic, today announced securing an investment of $42 million, nearly Rs. 312 crore, in Series C funding. It is the fourth round of institutional funding for GoMechanic, and this one was led by Tiger Global Management with the existing investors - Sequoia Capital India, Orios Venture Partners& C...
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Zomato Aims to Go Public by Mid-2021, Now Valued at $3.4 Billion: Report
Zomato is preparing to go public. In an email to employees, Zomato founder and CEO Deepinder Goyal has said that it is aiming to file and float an IPO by mid-2021. Meanwhile, Zomato has raised $102.5 million from Tiger Global Management, and pushed its valuation to $3.4 billion.
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Byju's to Add Tiger Global as Investor, Said to Raise $200 Million
Byju's, which offers a mobile app that tutors children, said on Friday is raising an undisclosed sum from US investment firm Tiger Global Management
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Walmart Says It Has Acquired 77 Percent Stake in Flipkart
Walmart now holds approximately 77 per cent of Flipkart, while the remainder of the business is held by other shareholders.
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Flipkart Once Again Said to Be Looking to Raise $1.5 Billion
Flipkart is said to be in discussions with Microsoft, eBay, Tencent to raise anywhere from $1.2 billion to $1.5 billion, enough to carry it through another four years.
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Flipkart Reshuffle Signals Shift to Margins Over Volume
Flipkart and Tiger Global both declined to comment on the reshuffle and its implications.
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Flipkart Gets New CEO As Binny Bansal Takes Over As Group Chief Executive
In a restructuring move, India's e-commerce giant Flipkart has replaced co-founder Binny Bansal as Chief Executive Officer with Kalyan Krishnamurthy.
