Tiger Global exits production studio TVF at $22 million valuation, 73% below 2019 peak
- Tiger Global has exited TVF, valuing the company at $22 million a 73% fall from previous high in 2019.
- Tiger invested $10M back in 2016, when TVF was valued around $61M. By 2019, the valuation climbed to $82M.
- TVF's revenue grew 5x from 2021 to now but their profits fell by 80%.
- Experts say distribution platforms are increasingly outperforming standalone brands and hence this fall.
Source: linkedin.com
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