Tiger Global’s Rs 75 Cr investment in Ather Energy yields Rs 1,216 Cr exit

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Tiger Global has fully exited electric two-wheeler maker Ather Energy, representing one of its most lucrative India bets with an over 16X return on its decade-long investment.

According to Ather’s draft red herring prospectus (DRHP), Tiger Global first backed the Bengaluru-based EV startup in 2015, investing Rs 75.23 crore during the Series A round for 74,732 Series A preference shares at an issue price of Rs 10,067.4 per share. Interestingly, the investment firm did not participate in any of Ather’s subsequent funding rounds.

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Tiger Global’s Rs 75 Cr investment in Ather Energy yields Rs 1,216 Cr exit


Tiger Global has fully exited electric two-wheeler maker Ather Energy, representing one of its most lucrative India bets with an over 16X return on its decade-long investment.

According to Ather’s draft red herring prospectus (DRHP), Tiger Global first backed the Bengaluru-based EV startup in 2015, investing Rs 75.23 crore during the Series A round for 74,732 Series A preference shares at an issue price of Rs 10,067.4 per share. Interestingly, the investment firm did not participate in any of Ather’s subsequent funding rounds.

As part of the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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