Fri. Mar 29th, 2024
saif partners

Venture capital firm, SAIF Partners is about to raise ₹2260 Crore ($350 million), according to a filing made with US markets regulator Securities and Exchange Commission. The expected funding will raise the value of its assets under management much over ₹6459 Crore ($1 billion).

According to earlier reports, SAIF Partners was planning to raise a new fund of ₹2260- 2583 Crore ($350-400 million) within this year. This funding will make SAIF Partners one of the largest venture funds in India after Sequoia Capital, Accel India and Nexus Venture Partners. All of the above mentioned VC firms have assets valued over ₹6459 Crore ($1 billion) under management.

Over the years, SAIF partners has been instrumental in supporting some of the notable startups in India. The names include India’s largest online travel agency MakeMyTrip, movie and events ticketing portal BookMyShow, baby care e-tailer FirstCry, online realty portal PropTiger, logistics startup Rivigo and online food delivery venture Swiggy.

Their main focus is to expand and grow their venture capital across the world. They also invest about 20% of the corpus in public market transactions, where it holds a stake in companies for a long period. The fund is managed by managing partner Ravi Adusumalli, along with the other managing directors Deepak Gaur, Mukul Arora, Vivek Mathur, Vishal Sood and Alok Goel. The firm has a healthy portfolio of over 60 companies, with offices in Gurgaon and Bengaluru.