Tiger Global

According to sources, there is no clarity on what happens to the founders

Internet Fund III Pte, a fund managed by Tiger Global Management, on Wednesday divested a 1.7 per cent stake in supply chain company Delhivery for Rs 414 crore through an open market transaction. Internet Fund III Pte sold 1,23,63,060 shares, amounting to 1.70 per cent stake in the company, according to the bulk deal data available with the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 335.06 per scrip, taking the aggregate deal value to Rs 414.23 crore. Post the transaction, Internet Fund III Pte's shareholding in the company has reduced to 2.98 per cent from 4.68 per cent. On Wednesday, shares of Delivery closed 3.61 per cent lower at Rs 336.30 apiece on NSE.

With late-stage funding rounds becoming tougher, they are focusing more on due diligence, profitability path, governance and early entry into companies at lower valuations

Accel owns a little over 1 per cent of Flipkart, while Tiger Global holds about 4 per cent of the company

Sameer has been overseeing the company after it ousted Ashneer Grover for financial misappropriation

Company will use the financing to add more batteries to its network and expand services

Every quarter Masayoshi Son is forced to give metrics he doesn't believe capture the value of his firm. "We are an investment company, we're not engaged in operations," he said in August 2020

BlockFi said in a statement that it will use the Chapter 11 process to "focus on recovering all obligations owed to BlockFi by its counterparties, including FTX and associated corporate entities"

Among the top brass leaving today were Vijay Aggarwal, Rajat Jain, Geetanshu Singla, and Nehul Malhotra

Out of all the investors, at least two major shareholders, Sequoia and Paradigm, have decided to mark their investments down to zero

Tiger Global Management on Monday offloaded shares of Policybazaar's parent firm PB Fintech for Rs 522 crore through open market transactions. PB Fintech operates online insurance platform Policybazaar and credit comparison portal Paisabazaar. According to the bulk deal data available with the National Stock Exchange (NSE), funds managed by Tiger Global -- Tiger Global Eight Holdings and Internet Fund III Pte -- sold a total of 1,34,17,607 shares, amounting to 2.98 per cent stake in the company. The shares were disposed of at an average price of Rs 389.38-Rs 389.44 apiece, taking the transaction value to Rs 522.50 crore. Meanwhile, WF Asian Reconnaissance Fund acquired 50 lakh shares of the company. Last week, Tiger Global Management divested 3.5 per cent stake in PB Fintech. As of quarter ended September, Tiger Global through its fund Tiger Global Eight Holdings owned 4.23 per cent and through Internet Fund III Pte held 2.87 per cent stake in the company, shareholding data showe

Tiger Global Management on Friday divested 3.5 per cent stake in Policybazar's parent firm PB Fintech for nearly Rs 606 crore through open market transactions. Funds managed by Tiger Global -- Tiger Global Eight Holdings and Internet Fund III Pte -- sold a total of 1,60,56,422 shares, amounting to 3.57 per cent stake in the company, as per bulk deal data available with the National Stock Exchange (NSE) and BSE. The shares were disposed of at an average price of Rs 374.09-Rs 388.34 apiece, taking the transaction value to Rs 605.86 crore. However, buyer(s) of the shares could not be ascertained. As of quarter ended September, Tiger Global through its fund Tiger Global Eight Holdings owned 4.23 per cent and Internet Fund III held 2.87 per cent stake in the company, shareholding data showed with the exchanges. On Friday, shares of PB Fintech closed 6.95 per cent higher at Rs 399.90 on NSE and Rs 399.30 on BSE.

He officially joined the founders in 2018 and began by leading the store-level growth hacking to brand development and was later named the group's CMO

The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees

Digital payments firm seeking investors' support to scale up operations and compete with rivals

Company assists OEMs and others with the latest technology and components

"We expect Wow! Momo to not only gain domestic market share in India but also to be the first global sized QSR company from India," said Vishal Ootam, founder and CEO of OAKS Asset Management

PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more

CEO recently said edtech unicorn may see a funding dry spell for at least 12-18 months and it would cut costs

Inflation trajectory and the actions of global central banks, especially the US Fed will be keenly watched by market participants. In this backdrop, primary markets will remain in wait and watch mode