Economic Times | 02/01/2022 11:01 AM | Click to read full article
Tiger Global recently led the latest round of funding for consumer-focused neobank Jupiter. But what is worth noticing is that the US-based fund agreed to an exclusivity clause with Jupiter which legally binds it to not invest in any rival consumer-facing neobank in India.
Such agreements are unheard of. In fact, it is common for these top global funding giants to use push-and-play tactics to decide the fate of companies they fund. So, is it a trend that will grow bigger with time in India? Perhaps.