Tiger Global closes $3.8 bn fund to back startups in India, US, China: Reports

Tiger Global Management has closed a $3.8 billion global fund, Private Investment Partners (PIP) XII, which will back tech startups in India, US and China, reports said. Its previous fund, PIP XI, had exceeded its $3 billion target and raised $3.8 billion when it closed in 2018. Tiger Global had invested in Ola Electric, NoBroker, UrbanClap, among others in 2019.