Tiger Global: Flipkart's largest investor and second largest stockholder in Amazon

With this, Tiger has significant stake in two of the three large e-commerce firms in India, who have combined control on over 80% of India's e-commerce industry

Tiger Global, the largest investor in Flipkart, has emerged as the second largest stockholder in Amazon, its global rival, Business Insider said in a report on Tuesday. With this, Tiger has significant stake in two of the three large e-commerce firms in India, who combined control on over 80 per cent of India's e-commerce industry.

Snapdeal is the third firm, which is a large competitor for both Amazon and Flipkart. It has investments from Japanese firm Softbank, which has also invested in Alibaba, China's largest online player.

Tiger invested $ 1.1 billion to buy 2.44 million shares in Amazon and increase its stake to over 3.19 million shares in the world's largest e-commerce firm, the report said, citing a regulatory filing by the hedge fund.

In India, Tiger led an investment of over $ 1 billion in Flipkart, an existing portfolio firm, in June 2014. So far, it has invested over $ 2 billion in India, including $ 1 billion in Flipkart

Global hedge funds and venture capital firms invest in multiple companies