Tiger Global eyes second major exit in India

Tiger Global now plans to sell 10-12 per cent of its 12-15 per cent stake in Ola for $400-500 million to SoftBank

Graph
Graph
Business Standard
Last Updated : Nov 23 2017 | 1:20 AM IST
After partially exiting e-tailer Flipkart, Tiger Global management is eyeing its second major exit in India — from cab aggregator Ola. In both cases, Japanese internet giant SoftBank is buying Tiger  Global’s stake. In August, SoftBank Vision Fund agreed to invest $2.6 billion in Flipkart, half of it in buying existing investors such as  Tiger Global and Accel. Tiger Global now plans to sell 10-12 per cent of its 12-15 per cent stake in Ola for $400-500 million to SoftBank. Here's a snapshot of Tiger Global’s investments and exits in India


 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story