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SAIF Partners To Launch a Third India-Dedicated Fund of $350M

The fund is led by managing partner Ravi Adusumalli, along with five managing directors Deepak Gaur, Mukul Arora, Vivek Mathur, Vishal Sood and Alok Goel. The firm has a portfolio of over 60 companies, with offices in Gurgaon and Bengaluru.

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Venture capital firm SAIF Partners, an early investor in digital payments and mobile wallet player Paytm, is a leading private equity firm that provides growth capital to companies in Asia. Their primary areas of focus include information technology, internet, mobile, consumer products and services, healthcare, cleantech, education, modern agriculture, financial services & manufacturing.

The news has it that SAIF Advisors Pvt. Ltd is planning to raise its third India-focussed fund of $350 million and sixth overall, as it looks to tap into the vibrant startup ecosystem in the country. Founded in 2001 and currently manages over $4 billion in capital with over 100 investments since its inception, SAIF has become one of the largest and most active funds in the region. SAIF is a long-term investor with local teams in Hong Kong, China, and India.

With a total of 213 Investments in 145 Companies so far, SAIF Partners is taking assets under management much over $1 billion. The new fund will be 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. 

While early-stage venture bets are its main focus, SAIF also invests about 20% of the corpus in public market transactions, where it holds a  stake in companies for a long period. The fund is led by managing partner Ravi Adusumalli, along with five managing directors Deepak Gaur, Mukul Arora, Vivek Mathur, Vishal Sood  and Alok Goel. The firm has a portfolio of over 60 companies, with offices in Gurgaon and Bengaluru.

Some of the other investments by the fund 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.  


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