Lee Fixel Returns To India, Makes First Investment From New Fund Addition

After a hiatus of almost two years, Lee Fixel, the media shy former Tiger Global fund manager, known widely as the big bull of India’s consumer Internet story, is back to investing in local startups. Fixel, who launched his own $1.2 billion fund Addition in the US earlier this year, has led a $35 million round in Inshorts, a platform which aggregates news and information. His first new bet in India comes at a time when New York-based Tiger Global has been actively investing in the country under Scott Shleifer, who took over the private equity portfolio of the firm last year after Fixel’s departure. “We are profitable at Inshorts and raised this capital for our new app Public. With more than 50 million active users and over 1 million videos being created every month on the app, Public aims to connect the local communities of Bharat and become the one-stop solution for all their local needs,” Iqbal said. Fixel has invested in DLocal, a cross-border payment processor, mental health startup Lyra Health, developer-first security company Snyk, among others.