https://techcrunch.com/2023/02/01/tiger-global-india-returns-way-below-average-but-firm-remains-bullish-says-scott-shleifer/

Tiger Global believes India is likely to produce the highest equity returns globally in the future, its partner Scott Shleifer said on an investor call Tuesday, even as he admitted the investor giant has made way more money in China and the U.S. and acknowledged that the local startup ecosystem is grappling with governance and unit economics challenges.

“We think it will be the best place to invest,” said Shleifer of India. “We were able to purchase 16 or 17% of Flipkart for $8 million in 2010,” he said of the investment in the e-commerce giant, which is currently valued at over $36 billion. “We were able to purchase 10% of Inframarket for $8 million. We purchased a third of Upstox for $50 million.”