Home Finance News Fresh Startup Boom Arrives in India as Tiger Global Goes on Deal...

Fresh Startup Boom Arrives in India as Tiger Global Goes on Deal Making Spree

The Indian startup ecosystem used to be one of the most vibrant in Asia even a couple of years ago, but in recent months space has gone through a bit of churn due to a range of factors, starting from drying up of investment capital to changes to the tax structure. However, it seems that things are now changing for the better as startup investment major Tiger Global Management has gone in aggressively into the Indian startup ecosystem and decided on investing in a range of companies as it tries to broaden its footprint in one of the fastest growing economies in the world. The hedge fund, which has investments worldwide, is known to be extremely secretive in nature and the startups in which it has invested is still unknown.

That being said, there are certain reports which state that some of the investments are in the enterprise software solution and Fintech space. In this regard, it needs to be said that the tech industry in India has been a target for investment from globally renowned investment vehicles for quite some time, but Tiger Global Management has actually made a series of deals and that makes these developments so important.

It is also important to note that the prospects of investing in startups in China have deteriorated considerably over the course of the past months due to a slowdown in the local economy and the trade war. In such a situation, it is only prudent for investors to bet on the second biggest economy in Asia. There is also a belief among investors that the Indian economy and the investment climate have matured considerably over the past few years. As a consequence, the country has now become a far more promising investment destination for many overseas investors. The Chief Executive Officer of one of the Indian startups stated,

“Investors are excited to see India’s transition from an IT services powerhouse to a rising B2B solutions hub. Not just Tiger — other global investors too are waking up to the exciting surge of B2B startups coming out of India.”

Marisol Contreras
Marisol is a crypto analyst and crypto trader. She invests in various cryptocurrencies and has a great idea about the finance market. She works as a chief editor of our team and makes the latest crypto news. She can be contacted by email: marisol@forexnews.world.

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