Fund News
Tiger Global plans $2.2 B venture fund: report
New York-based Tiger Global Management plans to raise about USD 2.2 Billion for its new fund, a sharp reduction from the much larger vehicles it raised earlier.The new fund, internally referred to as PIP 17, will be similar in structure to Tiger Global’s earlier funds. The firm’s previous two venture funds raised USD 6.7 Billion and USD 12.7 Billion, respectively.The upcoming fund will focus on a more selective investment strategy and a slower deployment pace. In 2025 so far, the firm has made nine new investments after reviewing hundreds of potential opportunities.Founder Chase Coleman and other Tiger Global insiders are expected to be the largest investors in the fund, which is scheduled to hold its first close on March 18.In India, Tiger Global has backed four companies, namely Infra.Market, Captain Fresh, Infinite Uptime and EatClub. All these were follow-on investments. In 2024, Tiger Global made just two investments in Wiz Freight and Jupiter’s NBFC arm, both of which were also follow-on investments.
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