Tiger Global, an investment firm in New York has managed to strike a deal with online book store FlipKart after Deep Kalra, founder of Make My Trip backed with the E-commerce giant.


About the deal

For Flipkart’s founders Binny Bansal and Sachin Bansal it was not an easy task. They had received over a half-a-dozen term sheets from various investors but where in no hurry to strike a deal. But at last Tiger Global’s Lee Fixel managed to deal with a valuation of over $30 million.  Earlier Tiger global has invested in Chinese startup 360Buy, which is currently known as JD.com and is currently worth $65 billion.


Tiger Global’s investment in FlipKart

Tiger Global’s investment in FlipKart has swell out to $1 billion making it the firm’s largest and riskiest bet in eCommerce.  Fixel has worked hard to manage this risk and in recent time has also tried to bring out a set of new strategic investors to FlipKart including Tencent and Softbank.


Softbank’s investment in Flipkart

With Softbank’s investment of $2.5 billion in Flipkart, Fixel is now excepted to come out as biggest investor in the Indian startup ecosystem.  Tiger Global will now be left with at least 18% stake in Flipkart after the deal, which is worth over $2 billion. This exit can make Flipkart more amenable to invest a new in India. Tiger Global has not invested in India since the end of 2015. Fixel has now started meeting both the new companies and existing portfolio companies but will not repeat his old aggressive investment style.

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