Business Standard

Tiger Global

India demands $150 mn in taxes from Tiger Global-backed gaming firm Dream11

Dream11 has filed a lawsuit in the High Court in Mumbai challenging the notices, court papers showed. The case is likely to be heard in coming days

India demands $150 mn in taxes from Tiger Global-backed gaming firm Dream11
Updated On : 26 Sep 2023 | 4:44 PM IST

Tiger Global, DST Global sell 1.8% stake in Zomato for Rs 1,412 cr

Tiger Global and billionaire Yuri Milner's DST Global on Monday sold a 1.8 per cent stake in online food ordering platform Zomato for Rs 1,412 crore through open market transactions. Axis Mutual Fund, SBI Life Insurance Company, ICICI Prudential Life Insurance Company, Founders Collective Fund, Morgan Stanley Asia Singapore and Societe Generale, among others were the buyers of the shares of Zomato. Tiger Global through its affiliate Internet Fund III Pte and DST Global through its investment vehicle Apolleto Asia Ltd offloaded the shares on BSE and NSE. According to the bulk and block deal data available with the two exchanges, Tiger Global offloaded a total of 12,34,86,408 shares on BSE, amounting to a 1.44 per cent stake while Apoletto Asia disposed of 3,19,80,447 shares or around 0.4 per cent shareholding in Zomato. The shares were sold in the range of Rs 90.10-91.01 apiece, taking the combined transaction value to Rs 1,411.99 crore. On Monday, shares of Zomato rose 1.53 per ce

Tiger Global, DST Global sell 1.8% stake in Zomato for Rs 1,412 cr
Updated On : 28 Aug 2023 | 11:14 PM IST

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

Latest deal puts Flipkart's valuation at $35 bn and prepares it for IPO

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns
Updated On : 31 Jul 2023 | 10:13 PM IST

Walmart buys Tiger Global's stake in e-com giant Flipkart for $1.4 billion

Separately, venture capital firm Accel also sold its 1 per cent stake in Flipkart to Walmart, the Economic Times reported

Walmart buys Tiger Global's stake in e-com giant Flipkart for $1.4 billion
Updated On : 31 Jul 2023 | 8:51 AM IST

Walmart buys out $1.4 billion hedge fund Tiger Global's stake in Flipkart

Walmart acquired a majority stake of 77% in Flipkart for about $16 billion in 2018, and later that year said it could take the company public in four years

Walmart buys out $1.4 billion hedge fund Tiger Global's stake in Flipkart
Updated On : 31 Jul 2023 | 7:32 AM IST

Kalaari to Tiger Global: Investors urge govt to reconsider 28% gaming tax

They said that the decision will have a 'deleterious impact' on the industry and is expected to result in the loss of over 50,000 high-skilled jobs in India

Kalaari to Tiger Global: Investors urge govt to reconsider 28% gaming tax
Updated On : 21 Jul 2023 | 12:46 PM IST

Infra.Market acquires majority stake in Strata Geosystems for Rs 910 cr

Infra.Market is a B2B marketplace for construction materials

Infra.Market acquires majority stake in Strata Geosystems for Rs 910 cr
Updated On : 26 Jun 2023 | 9:12 PM IST

Tiger Global to invest in Rajasthan Royals at a likely valuation of $650 mn

The investment firm is likely to invest $40 million in the franchise at a valuation of $650 million

Tiger Global to invest in Rajasthan Royals at a likely valuation of $650 mn
Updated On : 22 May 2023 | 9:06 AM IST

Social media platform Koo laid off 30% of staff in recent months: Report

The spokesperson of the company said that dismissed employees will be supported by compensation packages, health benefits and aid in finding new jobs

Social media platform Koo laid off 30% of staff in recent months: Report
Updated On : 20 Apr 2023 | 12:05 PM IST

Tiger Global Management offloads Delhivery's shares for Rs 388 crore

Tiger Global Management on Tuesday offloaded shares worth Rs 388 crore of supply chain player Delhivery through an open market transaction. Internet Fund III Pte, a fund managed by US-based private equity firm Tiger Global Management, sold the shares of Delhivery. According to the bulk deal data available with BSE, Internet Fund III Pte offloaded more than 1.17 crore shares amounting to 1.6 per cent stake in the company. The shares were sold at an average price of Rs 330 apiece, taking the transaction value to Rs 387.87 crore. Details about the buyers of the shares could not be ascertained. As of December quarter, Tiger Global held a 4.68 per cent stake in the firm. Shares of Delhivery closed 0.82 per cent up at Rs 330.80 per piece on BSE. In a separate transaction, PGIM India Mutual Fund (PGIM India MF) sold shares of Sagar Cements for Rs 110 crore through an open market transaction. PGIM India MF offloaded 60,39,698 shares of the firm at an average price of Rs 183.1 per piec

Tiger Global Management offloads Delhivery's shares for Rs 388 crore
Updated On : 11 Apr 2023 | 11:11 PM IST

GoMechanic Business acquired by a consortium led by Lifelong Group

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

GoMechanic Business acquired by a consortium led by Lifelong Group
Updated On : 29 Mar 2023 | 11:01 PM IST

Tiger Global's Internet Fund offloads 1.7% stake in Delhivery for Rs 414 cr

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.

Tiger Global's Internet Fund offloads 1.7% stake in Delhivery for Rs 414 cr
Updated On : 22 Feb 2023 | 11:19 PM IST

Top VC firms reduce investments in India amid macroeconomic uncertainty

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

Top VC firms reduce investments in India amid macroeconomic uncertainty
Updated On : 12 Feb 2023 | 4:50 PM IST

Accel, Tiger Global mulling to exit e-commerce firm Flipkart: Report

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

Accel, Tiger Global mulling to exit e-commerce firm Flipkart: Report
Updated On : 26 Jan 2023 | 11:30 AM IST

Suhail Sameer steps down as BharatPe's CEO, will be new Strategic Advisor

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

Suhail Sameer steps down as BharatPe's CEO, will be new Strategic Advisor
Updated On : 03 Jan 2023 | 11:49 AM IST

Tiger Global-backed Battery Smart raises Rs 75 cr in funding from Stride

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

Tiger Global-backed Battery Smart raises Rs 75 cr in funding from Stride
Updated On : 22 Dec 2022 | 3:38 PM IST

Masayoshi Son's SoftBank buyout would look more like Musk than Dell

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

Masayoshi Son's SoftBank buyout would look more like Musk than Dell
Updated On : 12 Dec 2022 | 8:24 AM IST

Cryptocurrency lender BlockFi goes bankrupt in aftermath of FTX downfall

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"

Cryptocurrency lender BlockFi goes bankrupt in aftermath of FTX downfall
Updated On : 28 Nov 2022 | 10:52 PM IST

Four senior execs quit BharatPe, to pursue 'entrepreneurial passions'

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

Four senior execs quit BharatPe, to pursue 'entrepreneurial passions'
Updated On : 28 Nov 2022 | 9:42 PM IST

Which investors will lose the most money because of FTX's implosion?

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

Which investors will lose the most money because of FTX's implosion?
Updated On : 17 Nov 2022 | 4:38 PM IST