SAIF Partners locks in on India’s third-largest luggage maker

Homegrown venture capital and growth-equity investment firm SAIF Partners has bought a minority stake in India’s third-largest luggage manufacturer by market share. SAIF Partners has pumped in Rs 31.26 crore (roughly $4.4 million) in Safari Industries (India) Ltd as part of its portfolio of private investments in public equities (PIPE). It ......