Synopsis
Founded by former executives of Chamath Palihapitiya’s Social Capital, Tribe’s founding partners include Sethi, Jonathan Hsu, and Ted Maidenberg, who have backed companies such as Slack, Snapchat, Carta, Gusto, across their two funds.
Tribe Capital will continue investing in companies that enable commerce in India, founding partner Arjun Sethi told ET, even as a funding slowdown in technology affects dealmaking across the globe.
Talking about the rout faced by the tech sector in public and private markets, Sethi said India was similar to the growth market in the United States (tech growth stocks), where late-stage companies have shaved off their enterprise value by 50-70%
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