Now Reading: Tiger Global exits TVF at valuation of $22 million
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Tiger Global exits TVF at valuation of $22 million
The Story in Brief
The Story in Brief
Private equity firm Tiger Global Management has fully exited The Viral Fever (TVF), the digital entertainment company behind shows such as Panchayat and Kota Factory, in a deal that valued the company at $22 million (about Rs 183 crore). This is nearly three-fourths lower than TVF's $82 million peak valuation in 2019, according to a Mint report. Tiger Global sold up to a 40% stake to Lighthouse India Fund-I, Frontier Globecap Ventures and LC Nueva Advisors.
The Indian Opinion
TVF's revenue rose from Rs 34.3 crore to Rs 182.4 crore over five years, yet its valuation has cratered to a quarter of the 2019 peak. This is not a story of a failed company but of frothy 2019-era startup valuations meeting a sober reality. OTT platforms have cut original-content spending by 20-50%, Mint and Ormax Media note. The real test: can TVF sustain its 17% revenue CAGR without Tiger's backing and with its top creative head gone?
Sources (2): livemint.com, inc42.com
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
Ashin Xavier: interesting
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IO Repro: Repro test after fix 2 Oct. Safe to trash.