Key Takeaways
- • Tiger Global partners Scott Shleifer and Chase Coleman have made personal investments in DealShare, marking a rare departure from the hedge fund's historical practice of avoiding personal stakes in Indian startups, according to regulatory filings disclosed by the Bengaluru-based company.
- • Each executive acquired approximately 0.5% equity stake in DealShare, while Growth Story partner Ganesh Krishnan purchased 1.87%, alongside co-investments from Falcon Edge co-founders Navroz D Udwadia and Ryan Khoury.
- • Tiger Global is finalizing a Series D funding round for DealShare after the company previously raised $28 million from Falcon Edge's Alpha Wave Incubation (AWI), WestBridge, and Matrix; the fund separately closed $9.5 million in debt financing from Alteria Capital in April 2021.
- • The personal investments by Shleifer and Coleman signal elevated conviction in DealShare's business model, occurring as Tiger Global has established itself as a dominant force in Indian venture capital, having backed approximately two dozen unicorns and nine unicorns created in 2021 alone.
Summary
Tiger Global Management's co-founder Chase Coleman and head of private investments Scott Shleifer have made personal equity investments in DealShare, a 33-month-old Bengaluru-based startup, according to regulatory filings disclosed by the company. The move represents a strategic departure for the New York-based hedge fund, whose senior executives have historically refrained from making personal capital commitments in Indian startups despite the firm's aggressive institutional presence in the market.
Regulatory documentation shows that Shleifer and Coleman each acquired approximately 0.5% ownership stakes in DealShare. The specific valuation and per-share pricing remain undisclosed. The personal investments arrive alongside capital injections from Growth Story partner Ganesh Krishnan, who secured 1.87% equity, and Falcon Edge co-founders Navroz D Udwadia and Ryan Khoury, both of whom also participated in the financing round. These personal commitments by senior investment professionals alongside institutional capital deployment suggest material confidence in the company's trajectory.
Tiger Global is currently finalizing a Series D funding round for DealShare, having previously disclosed an April 2021 exclusive that the hedge fund would lead the round. Prior to the Series D, DealShare had raised $28 million from Falcon Edge's Alpha Wave Incubation (AWI), WestBridge, and Matrix Partners. In parallel, the company closed a $9.5 million debt facility from Alteria Capital, with regulatory allotments showing 3,000 debentures of Rs 100,000 each and 2,494 D1 preference shares, representing Rs 34.3 crore ($4.6 million) in the partial allocation.
Tiger Global has emerged as a decisive institutional force in Indian venture capital over the past two decades, having backed Flipkart and subsequently generating approximately two dozen unicorns in India. The fund accelerated this pace in 2021, with nine unicorns including Urban Company, CRED, ShareChat, Groww, Moglix, and Gupshup representing Tiger Global portfolio achievements. The firm's willingness to deploy personal capital alongside institutional vehicles in DealShare underscores management's conviction in the startup economy and reflects evolving investment patterns among senior hedge fund executives in emerging markets.
Regulatory documentation shows that Shleifer and Coleman each acquired approximately 0.5% ownership stakes in DealShare. The specific valuation and per-share pricing remain undisclosed. The personal investments arrive alongside capital injections from Growth Story partner Ganesh Krishnan, who secured 1.87% equity, and Falcon Edge co-founders Navroz D Udwadia and Ryan Khoury, both of whom also participated in the financing round. These personal commitments by senior investment professionals alongside institutional capital deployment suggest material confidence in the company's trajectory.
Tiger Global is currently finalizing a Series D funding round for DealShare, having previously disclosed an April 2021 exclusive that the hedge fund would lead the round. Prior to the Series D, DealShare had raised $28 million from Falcon Edge's Alpha Wave Incubation (AWI), WestBridge, and Matrix Partners. In parallel, the company closed a $9.5 million debt facility from Alteria Capital, with regulatory allotments showing 3,000 debentures of Rs 100,000 each and 2,494 D1 preference shares, representing Rs 34.3 crore ($4.6 million) in the partial allocation.
Tiger Global has emerged as a decisive institutional force in Indian venture capital over the past two decades, having backed Flipkart and subsequently generating approximately two dozen unicorns in India. The fund accelerated this pace in 2021, with nine unicorns including Urban Company, CRED, ShareChat, Groww, Moglix, and Gupshup representing Tiger Global portfolio achievements. The firm's willingness to deploy personal capital alongside institutional vehicles in DealShare underscores management's conviction in the startup economy and reflects evolving investment patterns among senior hedge fund executives in emerging markets.
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