SAIF Partners Closes Its Seventh Fund At $400 Mn
The new fund’s closing comes a little over two years after it closed a previous fund. The new fund will be larger than its previous three funds, which have consistently been $350 Mn. SAIF was founded in 2001 as a joint India-China fund with Adusumalli leading the first investment in IT services company Sify. SAIF’s last fund, or fund six, closed in 2017 with an increased focus on seed stage deals. Indian Startup Funding Recovers In Q3 2020Compared to Q2 2020, both the funding amount and deal count recovered by 167% and 46% respectively.