Scott Shleifer, New York-based Tiger Global’s head for personal investments, can be in India subsequent week in what can be his first such journey right here since at the very least Covid-19 and he took over the mandate to take care of India investments, a number of sources conscious of the matter stated.

He took over Tiger Global’s India investments from Lee Fixel, after the latter moved on from the fund to start out his personal enterprise, Addition.

Tiger Global is likely one of the most aggressive traders globally and in India, having backed firms like Flipkart, Ola, Razorpay and Upstox through the years. Shleifer is coming to India at a time when a slowdown in enterprise funding has set in right here.

Shleifer can be assembly a number of portfolio corporations in addition to senior web business executives from present portfolio firms, individuals conscious of the matter stated.

“There are meetings planned next week. He is here at least for a few days. Of course, portfolio firms will get to update him on their performance as well as seek advice to weather the stormy economic conditions,” one of many individuals stated.

An electronic mail despatched to Tiger Global searching for remark didn’t elicit any response until press time Wednesday.

ET had reported final month that India had emerged as a serious spotlight for the influential know-how investor at a time it’s elevating a smaller-than-anticipated new fund of $6 billion. The new fund, which is within the making, is considerably smaller than the $12.7 billion know-how car it closed final yr. This indicators the primary large downturn in over twenty years for the know-how world globally, at the same time as there are comparisons being drawn to the dotcom bubble burst of 2000-2001.

Shleifer’s high lieutenant, Alex Cook, was just lately in India, assembly a number of the portfolio founders at a time when late-stage offers have been beginning to decelerate right here.

Venture funding for Indian startups fell to $2.7 billion for the September quarter this yr, as towards practically $12 billion that firms had raised throughout the identical interval final yr, in accordance with Venture Intelligence, which tracks startup funding information.

“He (Shleifer) is also lined up to meet some of the top startup entrepreneurs, regardless of whether Tiger Global has invested in them,” stated the particular person cited earlier.

“In India, where we have built a leading brand and portfolio over more than 15 years, both B2B and consumer categories are significantly underpenetrated relative to other large markets,” in accordance with a letter Tiger Global had despatched to its restricted companions (LPs) final month.

Tiger Global stated within the letter that it had began to take extra early-stage bets throughout geographies together with in India. “We anticipate that PIP (Tiger Global Private Investment Partners LP) 16 will similarly benefit from the differentiated access to compelling early-stage investments largely in enterprise themes and in India and will do so in a lower-valuation market,” it stated.

Among the biggest tech-focussed funds globally, Tiger Global had famous that India’s OfEnterprise, a business-to-business ecommerce agency for uncooked materials procurement, was one such guess the place it had a significant holding and which had grown shortly with compelling margins.

Stay on high of technology and startup news that issues. Subscribe to our each day e-newsletter for the most recent and must-read tech information, delivered straight to your inbox.