The startup gold rush is here

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Editor's note: The Tiger Global Management fundraise last week has evoked a lot of chatter in India, among both entrepreneurs and venture capital investors. ...Though Tiger Global sent a letter to its investors back in January saying it was raising $3.75 billion for its thirteenth venture fund (titled XIV, apparently for superstitious reasons), a new SEC filing shows that the new fund just closed with almost twice that amount: $6.65 billion. That’s a lot of billions, even in this market, and especially for Tiger Global, which closed its twelfth fund with $3.75 billion in capital commitments only last year. From Tiger Global just closed one of the biggest venture funds ever, with $6.7 billion• Tech Crunch The excitement around this news comes from the fact that Tiger Global is one of the best—if not the best—Series A investors in India. In the decade which ended in 2020, Tiger Global invested upwards of $3.5 billion in the country across a host of companies: Flipkart, Ola, PolicyBazaar, Byju’s and Zomato, to name a few. These investments have paid off handsomely. Tiger Global netted $3 …