Tiger Global Offloads Entire Stake In OTT Platform The Viral Fever

Private equity firm Tiger Global Management has recently divested its entire stake in digital entertainment company The Viral Fever (TVF). The transaction valued TVF at $22 million, a 73% drop from its $82 million valuation in 2019, as per a Mint report. According to sources, investment firms such as Lighthouse India Fund-I, Frontier Globecap Ventures, and LC Nueva Advisors LLP purchased the sold stake from Tiger Global.

This development follows a leadership change at TVF, with the appointment of three senior executives in creative and corporate roles. Shreyansh Pandey, who led TVF Originals for 11 years, is leaving the company to launch his own venture. TVF, founded by Arunabh Kumar in 2010, began as a YouTube-led experiment and expanded into scripted digital series, becoming one of India's prominent digital content studios.

Tiger Global's exit marks a trend of exits in the Indian startup sector, with the company previously offloading its entire stake in EV major Ather Energy and reducing its holding in Ola Electric. The decline in India's OTT market is also underway, with a 18% drop in streaming originals released in 2024 and further 13% decline in 2025.