Rainmaker Lee Fixel may invest USD 1 Bn in India

Lee Fixel, the former partner and head of private equity at Tiger Global Management LLC, has plans to invest around USD 1 billion in India through his new fund, Addition. He is waiting for the non-compete agreement with his former employer to lapse, multiple sources told Livemint.www.livemint.com/companies/start-ups/lee-fixel-sets-sights-on-indian-startups-again-may-invest-1-billion-1568566290411.html

“He (Fixel) has set up Addition to invest in tech startups in the areas where Tiger used to invest earlier, and more, and once the non-compete expires in a month or so, he will look at deals actively," close associate told Livemint.

Fixel was the brain behind Tiger Global’s high-return investments in Flipkart, Ola, Delhivery and Quikr in India and Facebook, LinkedIn and Spotify across the world. He is known for his aggressive decision-making skills.

Fixel is in touch with a few Indian startups. He is likely to make a personal investment of USD 24 million in fintech startup Amica Technologies, two people in the know told Livemint.

Fixel plans to actively invest his own capital and may start an investment firm in the future, Tiger Global said in a statement when he quit the fund in June after a 13-year run. “Lee has been a driving force behind the expansion of Tiger Global’s private equity investing activities in the United States and India, and he has distinguished himself as a world-class investor across multiple sectors and stages,” the statement said.

Fixel has made Forbes Midas List six times.