Tiger Global raises $3.75bn fund, to focus on India investments

American hedge fund Tiger Global Management has raised $3.75 billion in its latest venture capital fund, Tiger Global Private Investment Partners XI. It will focus on internet-based startups, cloud and industry-focused technology and direct-to-customer companies in India, China, and the US. The fund, which was closed on October 15, is one of the largest fundraisings of its kind this year.