“Avendus Aims to Raise $300 Million for Upcoming Private Equity Fund as Premier Indian Venture Advisor”
Avendus, India’s leading investment bank for venture deals, is looking to raise about $300 million for its private equity unit, according to three sources familiar with the matter.
With its third private equity fund, Avendus plans to write larger checks more frequently, one of the sources said.
The firm raised its second fund, amounting to around $185 million, in 2021.
Avendus employs over 150 bankers and was the top financial advisor in India last year.
In the past decade, similar to financial advisors in other regions, Avendus has diversified its offerings, venturing into wealth management, credit financing, and private equity.
