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Komfie Manalo, Opalesque Asia: Tiger Global Management is the top investor in Indian startups in the first four months of 2015, reported Times of India.
According to tracking firm Venture Intelligence, the firm's venture capital business, led by Lee Fixel has invested a total of $269m across 11 deals in the January-April period.
Tiger Global is followed by venture capitalist Sequoia Capital, which invested $208m across 14 deals during the same period. Nexus Venture Partners also invested $73m by Kalaari Capital with $45m in investment across six deals.
Early this month, Bloomberg reported that hedge funds are drawn to India’s startup firms with at least 14 hedge fund firms, including Falcon Edge Capital of New York, Maverick Capital from Dallas, Hong Kong’s Tybourne Capital Management and Steadview Capital Management, having invested some $3.8bn into 26 Indian technology and e-commerce startups since 2014.
Ravi Gururaj, a Bengaluru-based angel investor with holdings in more than 20 startups, was quoted as saying, "Hedge funds are tempted to jump into early-stage funding rounds, which was the exclusive territory of venture capital funds. Valuations are stepping up so fast between rounds that ...................... To view our full article Click here
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