Deals
Hedge Funds Swoop Low in India E-Frenzy Chasing Next Alibaba
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Such is the excitement over Internet startups in India that practically every other week this year there’s been a conference in a luxury hotel aimed at luring investors. Global hedge funds, private-equity firms and fund managers have been swarming India to grab a share.
Falcon Edge Capital of New York, Maverick Capital from Dallas and Hong Kong’s Tybourne Capital Management and Steadview Capital Management are among 14 hedge funds, investment firms and asset managers that have pumped $3.8 billion into 26 Indian technology and e-commerce startups since the start of last year, according to data compiled by Bengaluru-based analytics firm Tracxn.