- SAIF Partners has raised $400 million for a new fund
- Rebranded the 18-year-old influential venture capital firm
- SAIF Partners-backed startups, includes IndiaMART, MakeMyTrip, and Justdial.
SAIF Partners has raised $400 million for a new fund. Also, it rebranded the influential venture capital firm as it looks to back more early-stage startups in India.
The new fund is SAIF Partners’ seventh for early-stage startups in India. Its previous two funds were each $350 million in size, and the firm today manages more than $2 billion in assets.
The firm has five unicorns in its portfolio. These include One97 Communications, Swiggy, and Unacademy — is rebranding itself as Elevation Capital.
Why is SAIF partner rebranding as Elevation Capitals?
SAIF Partners is one of the most successful venture capital investors in India. It has rebranded itself as Elevation Capital.
As Elevation Capital, it has backed startups including Paytm, Justdial, MakeMyTrip, Meesho, ShareChat, Swiggy, Unacademy, and Urban Company. Elevation Capital said it will continue to focus on early-stage technology companies.
The firm reflects investment ethos and re-emphasizes the commitment that helps companies define the future. Elevation Capital has over three dozen employees, with about two-dozen focused on the investment size.
Why does SAIF partners invest in Indian Startups?
SAIF Partners has backed more than 100 startups to date. The venture firm makes long-term bets on founders and backs young firms beginning their early years when they are raising their seed, pre-Series A and Series A financing rounds.
The venture firm invests in startups operating in a wide range of sectors and plans to continue this strategy and add more areas of interest.
As Indian startup has changed for the better ecosystem and around 15 startups in Elevation Capital’s portfolio are projected to become a unicorn in the next few years. These include platforms like PharmEasy, Urban Company, Acko, Capital Float, NoBroker, and Rupeek.
