Tiger Global retains focus on B2C startups while increasing B2B investments; backs OTT platform TVF

Even while the prolific startup investor Tiger Global Management has been stepping up the pace of its investments in Indian startups with multiple B2B bets, particularly on the enterprise or cloud side, its B2C side isn’t dried up. Tiger Global, which will see the departure of its partner Lee Fixel at the end of June this year, has already made around five bets in consumer-facing businesses after slowing down on India investments post-2015. Since October 2017, Tiger Global has backed tea cafe chain Chaayos, grocery delivery startup Grofers, video app Roposo, and Ola Electric Mobility (the e-mobility arm of cab-hailing company Ola).

The global investor had secured $3.75 billion in October 2018 for its latest fund — Private Investment Partners XI to back companies in consumer internet, cloud, and industry-specific software markets along with consumer brands companies in China, India and the US.

“We believe the internet is the defining economic theme of this generation,” Financial Times had quoted the fund saying in its investor materials. “Without a substantial percentage of one’s assets allocated to this theme, we believe it will be difficult to outperform.”