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Report: Tiger Global in advanced talks to invest in 3 Indian startups

Tiger Global Management LLC is in advanced discussions to invest in three Indian startups, The Times of India reported, citing two people aware of the matter.

MyGate, formally known as Vivish Technologies Pvt. Ltd., which provides security management for gated communities, is set to receive a $50 million investment from the investor, according to the report.

Tiger Global is also expected to inject less than $10 million into each of Infra.Market, or Hella Infra Market Ltd., a business-to-business commerce platform for construction materials, and UrbanPiper Technology Pvt. Ltd., which provides solutions to restaurants for online orders, in their respective series A rounds, according to the report.

Tiger Global and UrbanPiper cofounder and CEO Saurabh Gupta did not reply to an email sent by the news publication. Infra.Market cofounder Souvik Sengupta did not comment on the matter. MyGate cofounder A Vijay Kumar said on the phone that the company was not seeking capital, though it did not answer questions sent via email.