SAIF Partners, which has close to $2 billion in assets under management, has been renamed as Elevation Capital. Along with the change in brand identity, Elevation Capital also announced that it has raised $400 million as a part of its India-focussed ‘Fund VII’, through which it looks to make 25-30 investments, over the next 2-3 years. The VC firm will deploy the new fund, by the last quarter of 2020, with no plans to fund startups in the South-Asian market. The VC firm will also back startups which are bringing digitisation to the offline seller economy, through accounting or invoicing software, or getting new markets to online commerce.

(Live Mint)