Is China’s loss India’s gain?

Tiger Global Management, the hedge fund that made a multi-bagger call on Indian startup Flipkart, is again stalking the Indian startup scene.

According to reports, Tiger Global has closed investments in at least half of the dozen startups that it recently evaluated.

It is significant that Tiger Global is hunting investment opportunities in India just when China’s venture capital boom appears to be stalling.

Advantage India

Tiger may be drawn to India after the recent elections brought back the incumbent political leadership, ensuring continuity and stability.

Another factor maybe the rapid escalation in the use of the internet via cheap Chinese cellphones and data from Reliance Jio, the latest and highly disruptive entrant into the country’s telecom sector.

More recently, India has become known for its fast developing expertise in cloud-based B2B solutions. SaaS startups leveraging India’s low costs are sprouting everywhere.

Tiger’s Indian bets

Mostly in the sub-$50 million range, Tiger’s investments include Locus, a logistics management start up, agriculturist Ninjacart, and Fyle, a provider of expense management software.