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New Deal


Announced

Completed

Tiger Global led a $19m Series B3 round in Infinite Uptime.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Private

Private Equity

Venture Capital

Completed

India

internet of things

Software

Acquisition

Cross Border

Friendly

Synopsis

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Tiger Global, a global investment firm, led a $19m Series B3 round in Infinite Uptime, an Indian industrial IoT startup, with participation from Mayfield, GSR Ventures, VenturEast and THK. “This investment is a strong validation of our business strategy and growth potential. This will enable us to invest heavily into fundamental research & product development, expand our capabilities and overall expertise, helping us deliver more value and exceed the needs of our customers in an ever-evolving market,” Raunak Bhinge, Infinite Uptime Founder and CEO.

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