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Home News

SAIF Partners to Launch a New $400 million Fund

by Chinmay Bidkar
May 10, 2017
in News
Reading Time: 2 mins read
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saif partners 400 million fund

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10 May 2017, India:

The leading venture capital firm SAIF Partners is all set to launch a new $400 million fund as per the report by ET. The Fund will focus more on the early stage businesses and startups.

SAIF Partners is a venture and growth capital fund invested in helping Asia’s exceptional companies grow from concept to IPO. “They have already started the process and will (raise capital) primarily from the same investors, which are endowments in the USA,” sources told ET. The new fund will make SAIF Partners one of the largest venture funds in India after Sequoia Capital, Accel India and Nexus Venture Partners all of which have over $1 billion in assets under management.

Paytm is all set to raise a fresh round of funding from SoftBank, post the $1.5 billion funding, the company will be valued around $9 billion. SAIF Partners, one of the early investors is looking to exit post the funding.

“SAIF will make a partial exit on its nine-year-old investment in Paytm as part of SoftBank’s investment,” said one of the people cited above. “SAIF Partners has invested a total of $70 million in Paytm till now, and in terms of returns this will top Tiger Global’s investment in Flipkart as well,” the sources added.

SAIF Partners has invested in many platforms like BookMyShow, Bluestar, HomeShop18, Firstcry, MakeMyTrip, Network18 and more.

Also read- 

  • Fintech Forging The Future For Cashless Economy
  • Ola Raises Rs. 1,675 crores in Funding from SoftBank

 

Tags: Accel IndiaBluestarBookMyShowFirstCryfundingHomeShop18InvestmentMakeMyTripNetwork18Nexus Venture PartnerspaytmSAIF PartnersSAIF Partners FundSequoia CapitalSoftbank
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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