Tiger Global’s Scott Shleifer steps down, but India bets still firmly in place

economictimes.indiatimes.com:

Scott Shleifer, New York-based Tiger Global’s head for private investments – who also oversaw India investments which had his firm backing – is stepping down from his role at the fund, founder Chase Coleman told limited partners (LPs) in a letter, according to media reports.

He will take on a new role as adviser to the fund, effective January 1.

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Shleifer was in India nearly a year ago meeting top portfolio companies and internet industry executives as he got more involved in local investments here following Lee Fixel's exit.

According to half-a-dozen people ET spoke to in India, Shleifer has been very bullish on India and led a series of investments in startups like OfBusiness, Cred, Slice, and others besides doubling down on earlier bets here as well. As a fund, Tiger continues to be positive in India so a major change in strategy on this market is unlikely, they said.

It is not yet clear who will take over the reins from Shleifer for India investments, even as the fund has slowed down on deal making here as well as globally.
“Shleifer is very bullish on India but he also invests based his gut feeling on founders and the team. Compared to Lee Fixel, the frequency of interactions of involvement has been relatively less, but that’s also because as a company we have evolved since he (Shleifer) started looking at India,” a unicorn founder with Tiger Global as one of its investors said.

According to sources aware of the