January 24, 2017 5:52 PM ET

Capital Markets

Company Overview of Tiger Global Management LLC

Company Overview

Tiger Global Management, LLC is an employee owned investment manager. It provides its services to private funds that are pooled investment vehicles. The firm manages hedge funds and private equity funds. It invests in the public equity markets across the globe. The firm employs long/short strategy to make its investments. It employs fundamental analysis to create its portfolios. The firm employs a combination of in-house and external research to make its investments. The firm invests in companies in operating across diversified sectors. For private equity investments, it specializes in investing in early stage companies, growth companies, and start-ups and prefers to have ten-year investment...

9 West 57th Street

35th Floor

New York, NY 10019

United States

Founded in 2001

Phone:

212-984-8800

Fax:

212-557-1701

Key Executives for Tiger Global Management LLC

Managing Partner and Portfolio Manager
Age: 42
Chief Operating Officer and Chief Financial Officer
Managing Director, Partner, Head of Private Equity Business, and Head of Private Investments
Age: 35
Managing Director and Director of Finance and Portfolio Companies
Partner
Age: 38
Compensation as of Fiscal Year 2016.

Tiger Global Management LLC Key Developments

Big Basket And Grofers Reportedly Mulls Merger Talks

Supermarket Grocery Supplies Pvt Ltd (Big Basket) and Grofers India Private Limited are reportedly exploring merger talks. Both have held merger talks, though these discussions are preliminary and have moved slowly so far, multiple people familiar with the matter said on the condition of anonymity. Sources in the know said talks between the two parties, which started in November 2016, will be brought up during BigBasket's board meeting scheduled for end of January 2017. The next steps also hinge on BigBasket's financing round, which if done successfully may scupper the proposed deal. Also, Grofer's backers SoftBank Corp. and Tiger Global Management LLC, ploughing fresh funds into the merged entity , could also be an important criterion for deciding the future course of talks. Hari Menon, co-founder of BigBasket, said, “We do not respond to speculations like these. We are in a very comfortable position on capital availability.” Albinder Dhindsa, co-founder Chief Executive Officer of Grofers, said, “We don't comment on speculation. Our business has grown 50% over the last quarter and we continue to work on building a sustainable grocery business. Currently, we are not looking at any investments or strategic options.”

Amazon.com Reportedly Seeks To Acquire Stake In Souq.com

Amazon.com, Inc. (NasdaqGS:AMZN) is weighing a bid for a stake in Souq.com FZ-LLC, according to people with knowledge of the matter. The stake, representing at least 30% of the company, is also drawing interest from private equity firms and regional, family-owned companies seeking to expand into web sales, the people said, asking not to be identified as the information is private. Souq.com's advisers reached out to a large number of potential bidders for the holding, which may value the company at least $1.2 billion, the people said. No final decisions have been made, and the company has not agreed to a deal with any of the parties, the people said. Spokesmen for Souq.com and Amazon didn't immediately respond to requests for comment. Souq.com appointed Goldman Sachs Group Inc to find buyers for a stake sale, people familiar with the matter said in September. Existing investors, Tiger Global Management LLC and Naspers Limited (JSE:NPN) are open to selling part of their holdings, and the sale may ultimately be for a stake larger than 30 per cent, the people had said. A representative for Tiger Global declined to comment. A spokeswoman for Naspers said the company can't acknowledge or deny its involvement in any deal.

Flipkart Seeks To Raise Funds

Flipkart Online Services Pvt. Ltd. is considering to raise funds before the end of 2016. After generating bumper sales during its flagship Big Billion Days (BBD) sale this month Flipkart will look for new investors to lead the next round. Flipkart has not decided the final amount yet, but they will look for at least $500 million and up to $1 billion in fresh funds. The fund-raising talks will be led by Flipkart chairman Sachin Bansal and Tiger Global Management LLC. Wal-Mart Stores Inc. (NYSE:WMT) and Alibaba Group Holding Limited (NYSE:BABA) have been mentioned as the potential investors in Flipkart.

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