With the dawn of the new financial year, India-and China-focused PE Firm @SAIF_Partners is planning to make eight fresh investment this year, double of what it did last year. The investment would be spread across sectors in listed and unlisted space with an active focus on the seed stage.
SAIF invests between $200K to $500K in early stage companies and $30 Mn to $35 Mn in mature ventures with a typical holding period of 7-10 years. For the listed space the firms ticket size starts from $10 Mn with a holding period of 4-6 years.
The PE's unlisted portfolios include mobile internet services firm One97 Communications, quick service restaurant chains Ammi's Biriyani and Dana Choga's Kitchen, along with e-commerce firms Firstcry and Zovi. The listed portfolio consists of Blue Star Limited, Edelweiss Capital Ltd, Indian Hotels Company, Persistent Systems.
It currently invests from its $350 Mn India-focused fund that it raised in 2010.
The fund which manages investments about $1 Bn had returned about $200 Mn to its LP's last year and is targeting a similar return this year.
For this the company has many exits planned this year two of them include an exit through listings. In April, HomeShop18 filed its prospectus for a $75 Mn IPO on Nasdaq, a listing that could see the Noida-based digital commerce venture valued at over $500 Mn. Separately, Manpasand Beverages is expected to list in the current fiscal as well.
SAIF Partners earned returns of over 12 times its investment in JustDial, when the Mumbai-based business listings venture made its public debut in May last year and the PE firm partially exited.
It had also partly exited from Specialty Restaurants Limited and online travel agency MakeMyTrip.com.