Avendus is looking to raise up to $350 million for its new private equity fund, Future Leaders Fund III, to maintain a meaningful position and write larger checks in the startups it backs.
Avendus established itself as India's top venture advisor, engaging in numerous growth-stage deals and M&A transactions. Its growing private equity unit reflects ambitions to deepen its ecosystem involvement and enhance returns.
Avendus benefitted from initial inattention by global rivals like Goldman Sachs in the Indian market, allowing it to build strong relationships with local tech entrepreneurs. This rapport aids in gaining exclusive access to high-profile deals.
Financial services startups like Juspay and Zeta have chosen Avendus along with SoftBank as key investors, showcasing the firm's ability to secure deals through its network. Avendus' private equity unit has a track record of providing lucrative exits to its investors.
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