Sistema Asia Fund is Sistema's VC fund, an active and recognisable player in the Indian VC market, which has become integrated into the country's entrepreneurial ecosystem. The fund's goal is to efficiently invest investors' money into promising projects in the fast-growing Indian tech market.
The fund is managed by a professional team with a strong investment expertise. It has an expert council comprising professionals integrated into the Indian business community, with a unique track record and a broad network of contacts. A new strong partner, Sumit Jain, joined the fund's team in 2018. He worked for 9 years at Kalaari (one of India's top 3 VC funds) and has an impressive track record of completed deals in the region. In 2018, the team of Sistema Asia Fund reviewed over 150 projects, thoroughly studied over 70 companies and successfully made three new investments. The fund also participated in subsequent investments in portfolio companies during new investment rounds with a higher valuation, which proves the quality of the fund's investment portfolio.
In March 2019, SAF completed its first monetisation by selling a stake in Qwikcilver, an Indian end-to-end service provider of gift card and prepaid solutions. Sistema Asia Fund invested in Qwikcilver in 2016 and exited three years after with solid returns on the invested capital. With the first exit in the bag, Sistema Asia Fund remains an investor in nine businesses.
In July 2019, SAF Sistema’s venture capital arm in Asia, has participated in the Series C investment round for Uniphore, a Chennai-based speech recognition company, alongside other investors. The company raised a total of USD 37.9m in the round. The capital raised is expected to be deployed towards R&D, building speech analytics and virtual assistant solution for global markets.