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
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