The startup gold rush is here

Three months into 2021 and it is amply clear that this decade will be unlike anything Indian startups have seen so far.

The Tiger Global Management fundraise last week has evoked a lot of chatter in India, among both entrepreneurs and venture capital investors.

...Though Tiger Global sent a letter to its investors back in January saying it was raising $3.75 billion for its thirteenth venture fund (titled XIV, apparently for superstitious reasons), a new SEC filing shows that the new fund just closed with almost twice that amount: $6.65 billion. That’s a lot of billions, even in this market, and especially for Tiger Global, which closed its twelfth fund with $3.75 billion in capital commitments only last year.

From Tiger Global …

Author

Ashish K. Mishra

Ashish is the editor-in-chief of The Morning Context. One of the best-known business feature writers in India, he was selected for Germany’s Robert Bosch Stiftung Fellowship in 2012 and received the Mumbai Press Club RedInk certificate of recognition in 2015 for his story “Inside the Network 18 takeover”. Before joining The Morning Context, Ashish co-founded The Ken, where he was managing editor. His previous writing stints include Mint, Forbes India and The Economic Times.

Editor-in-chief

ashish@mailtmc.com

London