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Tiger Global

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finance2 years ago•2 min saved

Tiger Global Alleges Ex-Employee's Misinformation Attacks

Tiger Global, an investment firm, has responded to an anonymous memo circulating among journalists that makes unsubstantiated claims about the firm and its leadership. In a letter to investors, Tiger Global blamed a disgruntled former employee for the memo and stated that it has engaged with experts to address the "malicious attacks." The firm reassured investors about its prospects and called the claims in the memo "packed with lies." This is the first external acknowledgement of the situation that has been simmering for months.

via Forbes|

#anonymous-memo #disgruntled-former-employee #finance

finance2 years ago•0 min saved

Tiger Global Shifts Focus, Acquires Significant Stake in Apollo Global

Investment firm Tiger Global Management has reportedly built a significant stake in Apollo Global Management, signaling a shift in its investment strategy away from technology bets. Tiger Global, known for its successful investments in tech companies like Facebook and Spotify, has been diversifying its portfolio in recent years. The move to invest in Apollo, a private equity firm, suggests a broader focus on alternative investments beyond the tech sector.

via Financial Times|

#apollo #finance #shift

business2 years ago•1 min saved

Walmart Acquires Tiger Global's Flipkart Stake for $1.4 Billion

Walmart has paid $1.4 billion to acquire Tiger Global's remaining stake in Indian e-commerce startup Flipkart, further expanding its investment in the company. Tiger Global, which had previously cashed out most of its Flipkart shares, made a gain of $3.5 billion on its initial investment of $1.2 billion. Walmart, which already held a 72% stake in Flipkart, purchased a 4% stake from Tiger Global. Flipkart, valued at $35 billion in the recent secondary shares sale, is expected to seek additional funding in the near future.

via TechCrunch|

#business #e-commerce #flipkart

cryptocurrency2 years ago•11 min saved

Crypto VCs Struggle with Harsh Reality of Bear Market.

The recent market downturn has hit crypto venture capital firms hard, with token-based projects like Braintrust seeing their valuations plummet. The liquid nature of tokens means that losses are immediately apparent, creating a dilemma for venture investors. Despite the risks, token strategies remain popular among crypto-focused VCs, who believe that the market will recover. However, fundraising for crypto VC has fallen off a cliff in 2023, and LPs are growing increasingly hesitant to invest in the space.

via Fortune|

#braintrust #crypto-vcs #cryptocurrency

finance2 years ago•0 min saved

Tiger Global seeks to monetize portion of $40bn private company portfolio.

Tiger Global is reportedly looking to sell a portion of its $40bn portfolio of private companies, including investments in companies such as Stripe, Coinbase, and ByteDance. The move comes as the firm seeks to cash in on its successful investments and take advantage of the current market boom.

via Financial Times|

#cash-in #finance #investments