Jain was earlier with venture capital firm Kalaari Capital as a senior partner. : Sistema Asia Fund Advisory, the venture capital fund floated by Russian conglomerate Sistema PJSFC, has brought in Sumit Jain as a senior partner, a statement from the fund stated. Jain was earlier with venture capital firm Kalaari Capital as a senior partner. An alumnus of IIM Calcutta and IIT Kharagpur, Jain joined Kalaari Capital in 2009. He was involved in sourcing and executing seven investments and supported three exits.