Tiger Global believes India is likely to produce the highest equity returns globally in the future, its partner Scott Shleifer said on an investor call Tuesday, even as he admitted the investor giant has made way more money in China and the U.S.
“We think it will be the best place to invest,” said Shleifer of India. “We were able to purchase 16 or 17% of Flipkart for $8 million in 2010,” he said of the investment in the e-commerce giant, which is currently valued at over $36 billion. “We were able to purchase 10% of Inframarket for $8 million. We purchased a third of Upstox for $50 million.”
Tiger Global is one of the most prolific investors in India, having backed more than a third of all unicorns in the country. The New York-headquartered firm, which counts India among its top three markets globally, has deployed over $6.5 billion in India since inception, TechCrunch reported last year.
Shleifer acknowledged the global investors’ concerns that India has so ...
