As per a filling at US markets regular Securities and Exchange Commission, SAIF Partners, Venture capital firm, an important and early investor in mobile wallet and digital payments player Paytm, is acquiring third India dedicated fund of almost $350 million. The new funds will make the overall assets value the company over $1billion.
New fund will fortify its position in India
Well it has already revealed that SAIF partners would be acquiring a fund of $350-400 million. The new fund will fortify its position in India and will make it as one of the largest venture funds after Sequoia Capital, Nexus Venture Partners and Accel India.
Fund’s other investments
Fund has invested in some other players also, such as largest travel company of India, MakeMyTrip; movie and events ticketing portal, BookMyShow, PropTiger; logistics startup, Rivigo, Swiggy, food delivery startup and FirstCry, Baby care e-tailer.
It is also interested in public market transaction
SAIF is mainly concentrated on early stage venture bets, still it has invested almost 20% of the corpus in the arena of public market and where it also holds some stakes for a long haul of duration.
Managing directors and partners of the fund
The fund is mainly driven by Ravi Adusumalli, Managing director, along with other five managing partners Vivek Mathur, Alok Goel, Vishal Sood and Mukul Arora. The firm is associated with over 60 companies and has offices in Bengaluru and Gurgaon.