Now Reading: Tiger Global exits TVF at a quarter of its peak valuation
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Tiger Global exits TVF at a quarter of its peak valuation
Private equity firm Tiger Global Management has fully exited The Viral Fever (TVF), creator of shows like Panchayat and Kota Factory, in a deal that valued the company at $22 million, down…
The Story in Brief
Private equity firm Tiger Global Management has fully exited The Viral Fever (TVF), creator of shows like Panchayat and Kota Factory, in a deal that valued the company at $22 million, down from $82 million in 2019. Tiger sold up to a 40% stake to investors including Lighthouse India Fund-I, Frontier Globecap Ventures and LC Nueva Advisors LLP, according to three people close to the deal told Mint.
TVF's revenue rose from Rs 34.3 crore in 2020-21 to Rs 182.4 crore in 2024-25, but net profit dropped to Rs 13 crore in FY25 from a peak of Rs 68.3 crore in FY22. The exit comes as streaming platforms cut spending on original content and competition for budgets intensifies. TVF also announced senior hires as its head of originals, Shreyansh Pandey, left after 11 years.
The Indian Opinion
The narrative of a startup darling's fall from grace misses the real story: TVF revenue has grown five times in four years, even if profits slid. The temptation is to blame a 'streaming slowdown' for the valuation collapse. Yet the core test is whether TVF can repeat hits like Panchayat without its long-time originals chief. The next two seasons of its flagship shows will tell if the creative pipeline is sustainable or has run dry.
Source: livemint.com
This story was synthesised by AI from the source linked above.
