Tiger Global has put $18 million into Kutumb, a social community enabler. Reddit is also known as India’s regional language. Quiet Capital and Rocketship VC were among the investors in the $26 million round. Kutumb was valued at $167-170 million in the round, according to Entrackr.
Tiger Global may also be heading a $250 million financing round in BharatPe, and a UPI supplier turned fintech company with a $2.5 billion value. BharatPe has only raised a little more than $200 million in February.
Tiger’s love for India is nothing new. The VC company had gone all-in with significant investments in Flipkart and Ola a few years ago. After Lee Fixel, the previous CEO of Tiger Global, stepped down, things began to calm. However, Tiger Global has completed over 25 acquisitions in India in the last six months, including a number of “unicorns” (businesses valued at over $1 billion).
Tiger Global just completed a $6.5 billion funding round and now has to put that money to work. The majority of its investments in the United States have begun to mature. However, India, the world’s third-biggest startup center, is just starting its journey.
Most Indians’ behaviors have changed due to the epidemic, and Tiger Global wants to be a part of businesses that take advantage of these changes. Some of it is tactical as well. India’s internet laws are being rewritten, and the pattern suggests that authorities may be more lenient toward local platforms. It may be a good idea to get in now.
Aside from that!
Microsoft may drop the moniker ” Windows as it prepares to release a new computer operating system, Microsoft may drop the moniker “Windows.” This new operating system is set to debut this week. Windows, on the other hand, will be supported until 2025.
Mr. Nandan Nilekani, chairman of Infosys, said during the company’s AGM that the company recruited 19000 graduates in FY21.