Venture capital firm SAIF Partners has raised $350 million for a new India-focused fund from 27 investors, reports ET Tech. The report mentions that they are likely use the funds to invest in technology-focused startups. SAIF, which has invested in companies like Paytm*, MakeMyTrip and JustDial among others, invests in early stage startups and established business across sectors like mobile, Internet, financial services, consumer products, IT/ITeS and industrials. The firm also invests seed capital in mobile and tech startups. This year SAIF has already invested in a number of startups including, digital SME finance company Capital Float, MSME lender Aye Finance, peer-to-peer property listings platform NoBroker and B2B e-commerce company industrybuying.com. The VC firm claims to have over $1 billion assets under management in India and it has invested in over 50 companies so far. A complete list of the portfolio companies. Companies SAIF invested in 2014 - December 2014: $1 million seed funding in Bangalore-based mobile peer-to-peer marketplace for buying & selling used cars Zoomo. - November 2014: Rs 18 crore in Series A funding in Doctor search & appointment booking platform Qikwell. - July 2014: Rs.10 crore in Noida-based marketplace for travel agents TravelTriangle.com. - June 2014: Rs 150 crore in Bigtree Entertainment which operates the online ticketing venture BookMyShow, along with existing investors Accel Partners and Network18. - May 2014: $2 million in Mumbai-based online test preparation service Toppr, along with Helion Venture Partners. Disclaimer: Paytm is an advertiser with Medianama.
