DST Global: A Late-Stage Firm Founded by Yuri Milner

DST Global is a late-stage internet investment firm founded by Yuri Milner in 2009, alongside co-founders Saurabh Gupta, John Lindfors, Rahul Mehta, and Tom Stafford. The firm manages roughly $50 billion in assets, backing fast-growing internet companies after they reach significant scale, with a track record of 63 unicorns and 27 IPOs. Flipkart and other major Indian companies count among its widely reported investments.

Overview

DST Global is an internet investment firm founded by Yuri Milner in 2009. Milner set it up as a spinoff from Digital Sky Technologies, now known as VK. Saurabh Gupta, John Lindfors, Rahul Mehta, and Tom Stafford joined him as co-founders. The firm's registered office sits in the Cayman Islands. Operational offices span London, Silicon Valley, New York, Beijing, and Hong Kong.

Investment Focus and Stage

DST Global focuses on late-stage mega-round investments in fast-growing internet companies. The firm backs companies after they have already achieved significant scale. It does not solicit or accept retail investors. Its global reach has included legendary bets like Facebook and Alibaba. The firm has extended this late-stage approach to major Indian internet companies as well.

Fund Size and Portfolio

DST Global manages roughly $50 billion in assets under management. The firm has deployed more than $7 billion across its portfolio to date. Its track record includes 63 unicorns, 27 IPOs, and 30 acquisitions. Flipkart stands among its most widely reported Indian investments, backed during its early growth years. Ola, Swiggy, Meesho, Dream11, and Cars24 are also commonly cited as part of its India-linked portfolio.

Leadership

Yuri Milner founded DST Global and continues to guide its investment strategy today. He holds a degree in theoretical physics and studied at Wharton. Saurabh Gupta serves as a co-founder alongside him. John Lindfors, Rahul Mehta, and Tom Stafford round out the founding team. Together they lead a team of over 50 professionals, including 13 partners.