Tiger Global another investment in India and, this time, they invested $10 million (Rs.65.6 crore) in India’s popular online video content creator The Viral Fever (TVF) also known as Qtiyapa.
As per the report, Tiger Global has picked up close to 25% stake in the firm valuing it at around Rs.270 crore.
The Viral Fever aka Qtiyapa was set up by IIT graduate Arunabh Kumar in 2010. He was later joined by Amit Golani and Biswapati Sarkar.
For Tiger Global, this is the second investment in the online video content space. In 2015, Tiger, along with venture capital fund Zodius Capital, invested $18 million in Culture Machine, which runs the Being Indian and several other YouTube channels.
READ: Podcast with Arunabh kumar (The Q-tiyapa Guy)
The American investor has stakes in close to 50 companies of varying sizes across the country, mostly in the consumer Internet sector. It has invested an estimated $2 billion-plus into these companies, earning it the distinction of being the largest and most active start-up investor here over the last decade.
However, in the last couple of the American investment firm has gone slow on investing in India.
In January, Bengaluru-based property search platform Commonfloor was snapped up by online classifieds platform Quikr in a stock-swap deal. Tiger Global is an investor in both companies. Last week, another Tiger’s investee firm Zo Rooms got acquired by its larger rival OYO Rooms.
Tiger Global counts unicorns such as Flipkart, Quikr and Ola as its portfolio firms. (Source)