Exhibit
        10.1

   

  PRIVATE
        PLACEMENT SHARES PURCHASE AGREEMENT 

   

  THIS
      PRIVATE PLACEMENT SHARES PURCHASE AGREEMENT (as it may from time to time be amended and including all exhibits referenced herein,
      this “Agreement”), dated as of January 6, 2021, is entered into by and between Altimeter Growth Corp.
      2, a Cayman Islands exempted company (the “Company”), and Altimeter Growth Holdings 2, a Cayman Islands
      limited liability company (the “Purchaser”).

   

  WHEREAS,
      the Company intends to consummate an initial public offering (the “Public Offering”) of the Company’s
      Class A ordinary shares, par value $0.0001 per share (each, a “Share”), as set forth in the Company’s
      Registration Statement on Form S-1, filed with the U.S. Securities and Exchange Commission (the “SEC”),
      File Number 333-251431 under the Securities Act of 1933, as amended (the “Securities Act”).

   

  WHEREAS,
      the Purchaser has agreed to purchase an aggregate of 1,000,000 Shares (and up to 1,100,000 Shares if the underwriters in the Public
      Offering exercise their option to purchase additional Shares in full) (the “Private Placement Shares”).

   

  NOW
      THEREFORE, in consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the
      receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound,
      agree as follows:

   

  AGREEMENT
      

   

  Section
        1. Authorization, Purchase and Sale; Terms of the Private Placement Shares.

   

  A.
      Authorization of the Private Placement Shares. The Company has duly authorized the issuance and sale of the Private Placement
      Shares to the Purchaser.

   

  B.
      Purchase and Sale of the Private Placement Shares.

   

  (i)
      On the date of the consummation of the Public Offering (the “IPO Closing Date”), the Company shall issue
      and sell to the Purchaser, and the Purchaser shall purchase from the Company, 1,000,000 Private Placement Shares at a price of
      $10.00 per Private Placement Share for an aggregate purchase price of $10,000,000 (the “Purchase Price”).
      The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds in the following amounts: (i) $2,000,000
      to the Company at a financial institution to be chosen by the Company, and (ii) $8,000,000 to the trust account (the “Trust
          Account”) maintained by Continental Stock Transfer & Trust Company, acting as trustee, in each case in accordance
      with the Company’s wiring instructions, at least one (1) business day prior to the IPO Closing Date. On the IPO Closing
      Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a
      certificate evidencing the Private Placement Shares purchased by the Purchaser on such date duly registered in the Purchaser’s
      name to the Purchaser or effect such delivery in book-entry form.

   

  (ii)
      On the date of any closing of the option to purchase additional Shares, if any, in connection with the Public Offering or on such
      earlier time and date as may be mutually agreed by the Purchaser and the Company (each such date, an “Option Closing
          Date”, and each Option Closing Date (if any) and the IPO Closing Date, a “Closing Date”),
      the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to 100,000 Private Placement
      Shares (or, to the extent the option to purchase additional Shares is not exercised in full, a lesser number of Private Placement
      Shares in proportion to portion of the option that is exercised) at a price of $10.00 per Private Placement Share for an aggregate
      purchase price of up to $1,000,000 (the “Option Purchase Price”). The Purchaser shall pay the Option
      Purchase Price in accordance with the Company’s wire instruction by wire transfer of immediately available funds to the
      Trust Account, at least one (1) business day prior to any Option Closing Date. On each Option Closing Date (if any), subject to
      the receipt of funds pursuant to the immediately prior sentence, the Company shall, at its option, deliver a certificate evidencing
      the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such
      delivery in book-entry form.

   

  C.
      Terms of the Private Placement Shares.

   

  
     

    
      

    

  

   

  (i)
      The Private Placement Shares are substantially identical to the Shares to be offered in the Public Offering except that (a) the
      Private Placement Shares will not, except in limited circumstances, be transferable or salable until 30 days after the completion
      of the Company’s initial business combination (the “Business Combination”) so long as they are
      held by the Purchaser or its permitted transferees, and (b) the Private Placement Shares are being purchased pursuant to an exemption
      from the registration requirements of the Securities Act and will become freely tradable only after the expiration of the lockup
      described above in clause (a) and they are registered pursuant to the Registration and Shareholder Rights Agreement (as defined
      below), or an exemption from registration is available and the restrictions described above in clause (a) have expired.

   

  (ii)
      On the IPO Closing Date, the Company and the Purchaser shall enter into a registration and shareholder rights agreement (the “Registration
          and Shareholder Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser
      relating to the Private Placement Shares.

   

  Section
        2. Representations and Warranties of the Company. As a material inducement to the Purchaser to enter into this Agreement and
      purchase the Private Placement Shares, the Company hereby represents and warrants to the Purchaser (which representations and
      warranties shall survive each Closing Date) that:

   

  A.
      Incorporation and Corporate Power. The Company is an exempted company duly incorporated, validly existing and in good standing
      under the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify
      would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the
      Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated
      by this Agreement.

   

  B.
      Authorization; No Breach.

   

  (i)
      The execution, delivery and performance of this Agreement and the Private Placement Shares have been duly authorized by the Company
      as of the Date hereof. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with
      its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability
      relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity
      or law). Upon issuance in accordance with, and payment pursuant to, the terms of this Agreement, the Private Placement Shares
      will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of the Closing Date.

   

  (ii)
      The execution and delivery by the Company of this Agreement and the Private Placement Shares, the issuance and sale of the Private
      Placement Shares and the fulfillment of and compliance with the respective terms hereof and thereof by the Company, do not and
      will not as of each Closing Date (a) conflict with or result in a breach of the terms, conditions or provisions of, (b) constitute
      a default under, (c) result in the creation of any lien, security interest, charge or encumbrance upon the Company’s share
      capital or assets under, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other
      action by or notice or declaration to, or filing with, any court or administrative or governmental body or agency pursuant to
      the amended and restated memorandum and articles of association of the Company (in effect on the date hereof or as may be amended
      prior to completion of the contemplated Public Offering) or any material law, statute, rule or regulation to which the Company
      is subject, or any agreement, order, judgment or decree to which the Company is subject, except for any filings required after
      the date hereof under federal or state securities laws.

   

  C.
      Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and upon registration
      in the Company’s register of members, the Private Placement Shares will be duly and validly issued, fully paid and non-assessable.
      Upon issuance in accordance with, and payment pursuant to, the terms hereof and upon registration in the Company’s register
      of members, the Purchaser will have good title to the Private Placement Shares purchased by it, free and clear of all liens, claims
      and encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated hereby,
      (ii) transfer restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the
      actions of the Purchaser.

   

  D.
      Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental
      authority is required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation
      by the Company of any other transactions contemplated hereby.

   

  
     

    
      

    

  

   

  E.
      Regulation D Qualification. Neither the Company nor, to its actual knowledge, any of its affiliates, members, officers,
      directors or beneficial shareholders of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated
      pursuant to Rule 506(d) of Regulation D under the Securities Act.

   

  Section
        3. Representations and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement and
      issue and sell the Private Placement Shares to the Purchaser, the Purchaser hereby represents and warrants to the Company (which
      representations and warranties shall survive each Closing Date) that:

   

  A.
      Organization and Requisite Authority. The Purchaser possesses all requisite power and authority necessary to carry out
      the transactions contemplated by this Agreement.

   

  B.
      Authorization; No Breach.

   

  (i)
      This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject
      to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating
      to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law).

   

  (ii)
      The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by the
      Purchaser does not and shall not as of each Closing Date (a) conflict with or result in a breach by the Purchaser of the terms,
      conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge
      or encumbrance upon the Purchaser’s equity or assets under, (d) result in a violation of, or (e) require authorization,
      consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or governmental
      body or agency pursuant to the Purchaser’s organizational documents in effect on the date hereof or as may be amended prior
      to completion of the contemplated Public Offering, or any material law, statute, rule or regulation to which the Purchaser is
      subject, or any agreement, instrument, order, judgment or decree to which the Purchaser is subject, except for any filings required
      after the date hereof under federal or state securities laws.

   

  C.
      Investment Representations.

   

  (i)
      The Purchaser is acquiring the Private Placement Shares for its own account, for investment purposes only and not with a view
      towards, or for resale in connection with, any public sale or distribution thereof.

   

  (ii)
      The Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D
      under the Securities Act, and the Purchaser has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of
      Regulation D under the Securities Act.

   

  (iii)
      The Purchaser understands that the Private Placement Shares are being offered and will be sold to it in reliance on specific exemptions
      from the registration requirements of the United States federal and state securities laws and that the Company is relying upon
      the truth and accuracy of, and the Purchaser’s compliance with, the representations and warranties of the Purchaser set
      forth herein in order to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Private
      Placement Shares.

   

  (iv)
      The Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within
      the meaning of Rule 502(c) of Regulation D under the Securities Act.

   

  (v)
      The Purchaser has been furnished with all materials relating to the business, finances and operations of the Company and materials
      relating to the offer and sale of the Private Placement Shares which have been requested by the Purchaser. The Purchaser has been
      afforded the opportunity to ask questions of the executive officers and directors of the Company. The Purchaser understands that
      its investment in the Private Placement Shares involves a high degree of risk and it has sought such accounting, legal and tax
      advice as it has considered necessary to make an informed investment decision with respect to the acquisition of the Private Placement
      Shares.

   

  (vi)
      The Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed
      on or made any recommendation or endorsement of the Private Placement Shares or the fairness or suitability of the investment
      in the Private Placement Shares by the Purchaser nor have such authorities passed upon or endorsed the merits of the offering
      of the Private Placement Shares.

   

  (vii)
      The Purchaser understands that: (a) the Private Placement Shares have not been and are not being registered under the Securities
      Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred

   

  
     

    
      

    

  

   

  unless (1) subsequently registered
      thereunder or (2) sold in reliance on an exemption therefrom; and (b) except as specifically set forth in the Registration and
      Shareholder Rights Agreement, neither the Company nor any other person is under any obligation to register the Private Placement
      Shares under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder.
      In this regard, the Purchaser understands that the SEC has taken the position that promoters or affiliates of a blank check company
      and their transferees, both before and after an initial Business Combination, are deemed to be “underwriters”
      under the Securities Act when reselling the securities of a blank check company. Based on that position, Rule 144 adopted pursuant
      to the Securities Act would not be available for resale transactions of the Private Placement Shares despite technical compliance
      with the requirements of such Rule, and the Private Placement Shares can be resold only through a registered offering or in reliance
      upon another exemption from the registration requirements of the Securities Act.

   

  (viii)
      The Purchaser has such knowledge and experience in financial and business matters, knowledge of the high degree of risk associated
      with investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits
      and risks of an investment in the Private Placement Shares and is able to bear the economic risk of an investment in the Private
      Placement Shares in the amount contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing
      for its current financial needs and contingencies and will have no current or anticipated future needs for liquidity which would
      be jeopardized by the investment in the Private Placement Shares. The Purchaser can afford a complete loss of its investments
      in the Private Placement Shares.

   

  (ix)
      The Purchaser understands that the Private Placement Shares shall bear the following legend and appropriate “stop transfer
      restrictions”:

   

  “THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
      SECURITIES LAWS, AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED
      OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER
      SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.

   

  THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PROVISIONS AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED
      OR OTHERWISE DISPOSED OF DURING THE TERM OF THE LOCKUP.”

   

  Section
        4. Conditions of the Purchaser’s Obligations. The obligations of the Purchaser to purchase and pay for the Private Placement
      Shares are subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

   

  A.
      Representations and Warranties. The representations and warranties of the Company contained in Section 2 shall be true
      and correct at and as of such Closing Date as though then made.

   

  B.
      Performance. The Company shall have performed and complied with all agreements, obligations and conditions contained in
      this Agreement that are required to be performed or complied with by it on or before such Closing Date.

   

  C.
      No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been
      enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory
      organization having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions
      contemplated by this Agreement.

   

  D.
      Registration and Shareholder Rights Agreement. The Company shall have entered into the Registration and Shareholder Rights
      Agreement, in the form of Exhibit A hereto, terms satisfactory to the Purchaser.

   

  Section
        5. Conditions of the Company’s Obligations. The obligations of the Company to the Purchaser under this Agreement are
      subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

   

  A.
      Representations and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall be true
      and correct at and as of such Closing Date as though then made.

   

  
     

    
      

    

  

   

  B.
      Performance. The Purchaser shall have performed and complied with all agreements, obligations and conditions contained
      in this Agreement that are required to be performed or complied with by the Purchaser on or before such Closing Date.

   

  C.
      Corporate Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery
      and performance of this Agreement and the issuance and sale of the Private Placement Shares hereunder.

   

  D.
      No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been
      enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory
      organization having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions
      contemplated by this Agreement.

   

  Section
        6. Miscellaneous.

   

  A.
      Successors and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement
      by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto
      whether so expressed or not. Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign this
      Agreement, other than assignments by the Purchaser to affiliates thereof (including, without limitation one or more of its members).

   

  B.
      Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
      and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable
      law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder
      of this Agreement.

   

  C.
      Counterparts. This Agreement may be executed simultaneously in two or more counterparts, none of which need contain the
      signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement. Signatures
      to this Agreement transmitted via facsimile or e-mail shall be valid and effective to bind the party so signing.

   

  D.
      Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and
      do not constitute a substantive part of this Agreement. The use of the word “including” in this Agreement shall be
      by way of example rather than by limitation.

   

  E.
      Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all
      purposes shall be construed in accordance with the internal laws of the State of New York, without giving effect to conflicts
      of law principles that would result in the application of the laws of another jurisdiction.

   

  F.
      Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument
      executed by the parties hereto.

   

  [Signature
        page follows]

   

  
     

    
      

    

  

   

  IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement.

   

  	 	COMPANY:
	 	 
	 	ALTIMETER GROWTH CORP. 2
	 	 	 
	 	By:	/s/ Hab Siam
	 	 	Name: Hab Siam
	 	 	Title: General Counsel
	 	 
	 	PURCHASER:
	 	 
	 	ALTIMETER GROWTH HOLDINGS 2
	 	 	 
	 	By:	/s/ Hab Siam
	 	 	Name: Hab Siam
	 	 	Title: Manager


   

  
     

    
      

    

  

   

  EXHIBIT
        A 

   

  Registration
        and Shareholder Rights Agreement