Tiger Global to Invest in 5 Indian SaaS-based Startups in Next Month
29 April 2019 12:48 AM GMT
Tiger Global Management is likely to invest in as many as 5 SaaS (software-as-a-service) companies in India in May including Locus, a logistics management
- Tiger Global Management is likely to invest in as many as 5 SaaS (software-as-a-service) companies in India in May including Locus, a logistics management software company, reported Livemint citing two people familiar with the development.
- Tiger Global's latest fund Tiger Global Private Investment Partners XI of $3.75 billion, which it had closed in October last year , will focus on consumer internet, cloud computing, industry software and direct-to-consumer companies in India, China and the US.
- In this month, the New York-based hedge fund has already invested in Innovapptive , a Houston and Hyderabad-based connected workforce platform for asset intensive industries, and in CleverTap , a marketing automation and analytics platform.
- Last month, it led the $42 Mn funding of Ola Electric Mobility , the Electric Vehicle (EV) unit of ANI Technologies that owns the home-grown cab-hailing firm Ola.
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