When asked about why SoftBank and Tiger Global are not comfortable making newer late-stage bets in India, Kanwal Rekhi said, “Tiger Global and SoftBank are the culprits. They brought all of this tragedy and then went ‘oh, everything is broken’.”
He also added, “late-stage money has dried up because it was not properly utilised to give proper returns. Late-stage investors are not risk-takers.”
