SAIF Partners earn 16 times its investment in MakeMyTrip

Venture capital firm SAIF Partners has made an exit from online travel platform MakeMyTrip after generating 16 times more money than what it invested in it. SAIF Partners generated more than ₹2,680 crore from the sale of its stake in MakeMyTrip at different times. The exit comes as shares of MakeMyTrip have risen 66% since it acquired rival ibibo Group.