Having worked with venture capital firm Kalaari Capital for about nine years, Sumit Jain joined Sistema Asia Fund Advisory as senior partner last month. The appointment comes as Russian consumer finance corporation PJSFC Sistema doubled its commitment to the fund set up in 2015 to $80 million and as it seeks an additional $40 million from other limited partners. The venture capital fund has been investing in growth-stage companies over the past two years and has backed food-tech company Faasos, fintech players Kissht and Lendingkart, and online medicine retailer Netmeds.