Investment Banking Startup 'Avendus' successfully secures Rs. 850 crore Fund
Avendus Group, a prominent financial services firm, has announced the first close of its Future Leaders Fund III (FLF III) at Rs. 850 crore (approximately $100 million). The fund, launched last summer, is registered as a Category-II Alternative Investment Fund (AIF) under SEBI regulations.
FLF III targets a total corpus of Rs. 1,500 crore, with an additional green shoe option of Rs. 1,500 crore, bringing its potential size to Rs. 3,000 crore.
FLF III plans to invest in 12 to 14 companies across sectors like financial services, healthcare, technology, consumer goods, and manufacturing. The fund will allocate between Rs. 150 crore and Rs. 300 crore per investment, positioning itself as a significant player in the private equity market.
Ritesh Chandra, Managing Partner at Avendus Future Leaders Fund, stated, “The commitment to FLF III underscores the trust investors have in our investment approach and team. It also reflects the growing demand for late-stage private equity as a key part of a balanced investment portfolio.”
The success of Avendus’ earlier funds, FLF I, and FLF II, has strengthened its reputation for supporting high-growth, market-leading firms. Notable investments include Lenskart, Bikaji, Juspay, SBI General Insurance, and Sagility Technologies.
FLF I returned more than 100% of investor capital within four years, while FLF II has been fully deployed.
FLF III is nearing its first investment in the healthcare sector, aligning with Avendus' strategy of building a portfolio of consistent performers. The launch comes amid a wave of new venture capital funds targeting India’s next generation of high-growth startups, signaling increased interest in the country’s dynamic private equity landscape.
FLF III targets a total corpus of Rs. 1,500 crore, with an additional green shoe option of Rs. 1,500 crore, bringing its potential size to Rs. 3,000 crore.
FLF III plans to invest in 12 to 14 companies across sectors like financial services, healthcare, technology, consumer goods, and manufacturing. The fund will allocate between Rs. 150 crore and Rs. 300 crore per investment, positioning itself as a significant player in the private equity market.
Ritesh Chandra, Managing Partner at Avendus Future Leaders Fund, stated, “The commitment to FLF III underscores the trust investors have in our investment approach and team. It also reflects the growing demand for late-stage private equity as a key part of a balanced investment portfolio.”
The success of Avendus’ earlier funds, FLF I, and FLF II, has strengthened its reputation for supporting high-growth, market-leading firms. Notable investments include Lenskart, Bikaji, Juspay, SBI General Insurance, and Sagility Technologies.
FLF I returned more than 100% of investor capital within four years, while FLF II has been fully deployed.
FLF III is nearing its first investment in the healthcare sector, aligning with Avendus' strategy of building a portfolio of consistent performers. The launch comes amid a wave of new venture capital funds targeting India’s next generation of high-growth startups, signaling increased interest in the country’s dynamic private equity landscape.