{"id":60993,"date":"2024-05-29T01:09:35","date_gmt":"2024-05-29T01:09:35","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/29\/avendus-to-raise-350-million-for-late-stage-investments-times-of-india\/"},"modified":"2024-05-29T01:09:35","modified_gmt":"2024-05-29T01:09:35","slug":"avendus-to-raise-350-million-for-late-stage-investments-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/29\/avendus-to-raise-350-million-for-late-stage-investments-times-of-india\/","title":{"rendered":"Avendus to raise $350 million for late-stage investments &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-110514442,imgsize-893325.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Avendus to raise 0 million for late-stage investments &#8211; Times of India\" title=\"Avendus to raise 0 million for late-stage investments &#8211; Times of India\" \/><\/div>\n<div>MUMBAI: <!-- -->Avendus<!-- --> is seeking $350 million (nearly Rs 3,000 crore) from investors for its new fund through which the company plans to make <!-- -->late-stage<!-- --> investments in new age as well as legacy <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/businesses\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">businesses<\/a> across a range of sectors. <br \/>The strategy would be to make 10-12 <!-- -->investments<!-- --> and bet on companies valued anywhere between $800 million to $5 billion. &#8220;Our objective is to come into these businesses either through a consortium of investors whenever they are raising capital or through bilateral deals,&#8221; Ritesh Chandra, managing partner at Avendus Future Leaders Fund, told TOI.<br \/>Avendus, which is looking at an average deal ticket size of Rs 200-300 crore, would primarily be betting on companies in the healthcare, manufacturing, digital &amp; technology, consumption and financial services segments. The firm largely taps domestic family offices and HNIs for its funds. <br \/>&#8220;About 20% capital is expected to come from US-based investors in this fund and we hope to keep expanding the base,&#8221; Chandra said. Avendus has previously backed companies like Lenskart, FirstCry, Ujjivan SFB and SBI General Insurance, and is looking to fund businesses which have a proven track record of execution and ride on their growth. &#8220;We focus on strategic competitive moats around a business. Our strategy doesn&#8217;t involve competing with the large private equity players. We take minority positions in companies,&#8221; Chandra said. The company is open to making both primary and secondary transactions through the new fund. <\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/avendus-to-raise-350-million-for-late-stage-investments\/articleshow\/110514337.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Avendus is seeking $350 million (nearly Rs 3,000 crore) from investors for its new fund through which the company plans to make late-stage investments in new age as well as legacy businesses across a range of sectors. The strategy would be to make 10-12 investments and bet on companies valued anywhere between $800 million [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":60994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-110514442,imgsize-893325.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[57104,59005,289,15275,273,5087,59004,59006,2458,4605,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/60993"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=60993"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/60993\/revisions"}],"predecessor-version":[{"id":60995,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/60993\/revisions\/60995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/60994"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=60993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=60993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=60993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}