Redis Raises USD 110 Mn From Tiger Global, Softbank, TCV At Over USD 2 Billion Valuation

Open source database firm Redis Labs on Wednesday said it has raised USD 110 million from Tiger Global, Softbank Vision Fund 2 and TCV.

Reddis CEO Ofer Bengal said the company will continue to expand its presence in India and invest in building product development as well as a sales team in the country.

Investors were chasing us and we decided at this valuation it makes sense for us to go for fund raise.

Redis Labs has now raised a net amount of USD 347 million and plans to continue to invest in expanding the company's global footprint, advancing its market-leading real-time data platform, and delivering world-class customer support.

India has a huge talent pool of software engineers but this plan is not new,' Bengal said.

Reddis customers in India include ACL Mobile, Freshworks, Hike, HolidayMe,, Razorpay, MyTeams11 Sharechat, SonyLiv, among others.

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