SAIF Partners Invests in FarEye and YourDOST (Asia)

Source: VCCircle, Tech in Asia  |  Author(s): Arti Singh, Paloma Ganguly

India-based software-as-a-service workforce management platform FarEye has raised US$3.5 million in a Series A financing round from Asia-focused private equity firm SAIF Partners. FarEye intends to use the new capital to double its staff. Separately, SAIF Partners has led a US$1.2 million pre-Series A financing round for India-based online counselling and psychological support platform YourDOST. SAIF Partners contributed US$1 million, while several individual angel investors committed the remaining capital.