Tiger Global leads the Unicorn Spree in 2021 [So far]

Out of the total 10 startups that turned unicorn in 2021, Tiger Global led the investment in five. Reports suggest that Tiger Global is also the lead investor in 21 Indian Unicorns out of a total of 47. When it came to the country in 2005, India wasn't big on the startup ecosystem. A three-horse race between Sequoia, SoftBank and Tiger Global has led to a sudden surge in these companies become what they are today.

The list of startups Tiger Global has funded, who have become Unicorn, includes Zomato, Zenoti, Razorpay, Ola, Delhivery etc.

In 2021, of the 10 startups that turned Unicorn, Tiger Global has invested in these five:

1. Infra.Market

B2B Infrastructure startup, Infra.Market raised $100 million in a Series C round led by Tiger Global. “We are delighted to partner with Souvik and Aaditya in the growth journey of Infra Market. It is reshaping India’s construction materials supply chain. With pioneering technology innovation and the ability to stitch together private label brands, they are positioned for strong growth, healthy economics and profitability,” Scott Shleifer, partner of Tiger Global Management had commented on the investment.

2. Innovacer

Healthcare startup Innovaccer entered the unicorn club after Tiger Global Management pumped $105 million into the startup. “Organisations across healthcare need a cloud-based platform that can unlock the value of the significant investments made in legacy healthcare IT. Innovaccer is poised to capture a disproportionate share of spending as customers leverage its platform to unify the patient experience, move more of their IT to the cloud, and focus on orchestrating improved clinical and business processes,” John Curtius, partner at Tiger Global, had said in the statement.

3. Groww

Tiger Global led the round with the participation of existing investors — Sequoia Capital India, Ribbit Capital, YC Continuity and Propel Venture Partners. Scott Shleifer, said, “We are excited to partner with Groww as they help democratize access to investing in India. We believe the market opportunity is huge and expect Groww will have many years of efficient growth ahead.”

4. ShareChat parent company Mohalla Tech

Again, Tiger Global led a $502 million Series E round in ShareChat and Moj parent company Mohalla Tech. It also saw participation from Snap, Twitter and Lightspeed Venture Partners. “Moj is well-positioned to seize the opportunity presented by the growth of short video in India. We are impressed with the team’s understanding of these rapidly evolving technologies and its ability to execute quickly, and we are excited to partner with them as they continue to build a great company,” said Scott Shleifer said in a statement.

5. GupShup

Conversational messaging platform Gupshup has raised $100 million from Tiger Global, pushing the company’s valuation to $1.4 billion. Tiger Global led the round with participation from CRV, Globespan Capital Partners and Helion Ventures.

In all of the ventures that it has recently invested, we can see that the company's motive is to expand its investments horizontally. From construction B2B to Entertainment tech, the investor has expanded its portfolio with companies compounding their growth YoY.