Avendus to raise $350 million for late-stage investments


MUMBAI: Avendus is in search of $350 million (almost Rs 3,000 crore) from traders for its new fund by means of which the corporate plans to make late-stage investments in new age in addition to legacy companies throughout a variety of sectors.
The technique could be to make 10-12 investments and guess on corporations valued wherever between $800 million to $5 billion. “Our objective is to come into these businesses either through a consortium of investors whenever they are raising capital or through bilateral deals,” Ritesh Chandra, managing associate at Avendus Future Leaders Fund, informed TOI.
Avendus, which is a mean deal ticket measurement of Rs 200-300 crore, would primarily be betting on corporations within the healthcare, manufacturing, digital & know-how, consumption and monetary providers segments. The agency largely faucets home household places of work and HNIs for its funds.
“About 20% capital is expected to come from US-based investors in this fund and we hope to keep expanding the base,” Chandra stated. Avendus has beforehand backed corporations like Lenskart, FirstCry, Ujjivan SFB and SBI General Insurance, and is wanting to fund companies which have a confirmed monitor document of execution and trip on their progress. “We focus on strategic competitive moats around a business. Our strategy doesn’t involve competing with the large private equity players. We take minority positions in companies,” Chandra stated. The firm is open to making each main and secondary transactions by means of the brand new fund.

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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