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Tiger Global raises $1.5B venture fund

Tiger Global has raised a new $1.5 billion venture capital fund, according to a filing with the Securities and Exchange Commission. The New York-based fund, Tiger Global Private Investment Partners VIII, is slightly smaller than its predecessor.

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Trending on peHUB this week: corporate VC, Tiger Global, Carlyle, HarbourVest, Florida, Brazos Private Equity, New York City Comptroller, Vector Capital, Visa, Nyca, Energy Future Holdings, PE jobs, fintech

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VC-backed OnDeck hires new SVP of technology

OnDeck has hired Pamela Rice as senior vice president of technology. Previously, Rice worked at PayPal. Headquartered in New York City, OnDeck, which is backed by Google Ventures, SAP Ventures, RRE Ventures, Tiger Global and Institutional Venture Partners, is a small business lender.

Flipkart raises $160 mln – Reuters

Indian e-commerce company Flipkart has raised $160 million from private equity investors, writes Reuters. The Bangalore-based company had raised $200 million in July from existing investors including South Africa’s media and e-commerce company Naspers and private equity funds Tiger Global and Accel Partners.

KPCB Leads $26M for Turkey’s Trendyol

Trendyol.com, a fashion e-commerce company based in Turkey, has raised $26 million from Kleiner Perkins Caufield & Byers and existing investor, Tiger Global, the company announced Wednesday. The deal is Kleiner Perkins’ first in Turkey. Trendyol.com has sealed more than $50 million in total financing since the site launched in March 2010.

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The Social (Gaming) Network

Game developers should thank Facebook for only taking 30% of their revenue when the social network’s credits system of paying for virtual goods becomes its sole currency this July. Facebook commands an iron fist over its itsy-bitsy “partners” the way the mob used to muscle corner store merchants a century ago. Game developers are still […]

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