According to the new reports made by the US market regulator Securities and Exchange Commission, the early stage venture capital firm SAIF Partners is looking to secure $350 million in India as a third round funding. This new funding will bring SAIF Partners assets to $1 billion.
The news was already in a highlight, when many media agencies reported that SAIF Partners may raise $350 -$400 million by the year end to keep their spot in Indian market.
With this new round of funding will bring SAIF Partners at a list of the largest venture firms in India after Sequoia Capital, Accel India, Matrix India and Nexus Venture Partners, with over $1 billion as assets.
SAIF Partners have invested in many Indian startups at early stage which includes MakeMyTrip, Hawells, BookMyShow, FirstCry, PropTiger, Swiggy , Blue Stars and many others.
With the main focus to invest in early-stage investment. SAIF Partners have also invested in some public companies too.
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