Tiger Global Offloads Entire Stake In OTT Platform The Viral Fever

by · Inc42

SUMMARY

  • Tiger Global has fully exited TVF in a deal that values the company at $22 Mn
  • TVF’s valuation is now 73% lower than its $82 Mn valuation in 2019, highlighting the pressure on OTT and digital content companies
  • Tiger Global sold its stake to Lighthouse India Fund-I, Frontier Globecap Ventures and LC Nueva Advisors. The exit comes as TVF reshuffles its leadership and OTT platforms cut spending on new shows