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Tiger Global picks up stake in Uber

  • Tiger Global
    Management has picked up a stake in cab hailing service Uber Technologies, an arch
    rival of Tiger’s portfolio company Ola,
    Bloomberg
    News
    reported, citing people familiar with the matter.
  •  
  • Uber closed investments
    from Tiger Global and T. Rowe Price as part of a new round of funds that may

    • Tiger Global
      Management has picked up a stake in cab hailing service Uber Technologies, an arch
      rival of Tiger’s portfolio company Ola,
      Bloomberg
      News
      reported, citing people familiar with the matter.
    •  
    • Uber closed investments
      from Tiger Global and T. Rowe Price as part of a new round of funds that may
      value the company at $62.5 billion, the report said.
    •  
    • In the second
      quarter, Tiger Global, which is the largest investor in online retailer
      Flipkart, increased its stake in Flipkart’s rival Amazon.com Inc. Tiger Global
      bought 2.44 million shares of Nasdaq-listed Amazon, whose Indian unit is
      engaged in a bruising market share battle with Flipkart.
    •  
    • Tiger Global is a
      US-based investment fund that picks up stakes in both public and private
      companies, which are overseen by different partners. The firm is one of the
      most prolific e-commerce and tech investors in public and private markets
      around the world, the report said.
    •  
    • Tiger Global’s
      investments in direct rivals of Flipkart and Ola, two of India’s most
      valuable start-ups, come in the wake of a funding slowdown for start-ups. Along
      with other investors, Tiger is also slowing its pace of deal-making in India,
      though not in Flipkart and Ola, the
      Mint
      had recently reported.

     

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