in

Avataar Venture Partners raises $100 million as add-on capital

Mumbai: Avataar Venture Partners has raised a top-up fund of $100 million to invest in its star portfolio companies and to make new investments. This is in addition to the $300 million it had raised in 2019 to invest in business-to-business (B2B) and Software-as-a-Service (SaaS) companies.

The fund has made three new investments so far, including in Rate Gain and SenseHQ, and has set up a Saas platform called Heal.

“We have raised add-on capital from our existing as well as new investors (LPs),” said Mohan Kumar, co-founder of Avataar Venture Partners, in an exclusive chat with The Economic Times.

Kumar, a former partner at Norwest Venture Partners, and Nishant Rao, the former chief operating officer at Chennai-based SaaS firm…

Read further.

A Different Early-Bird Special: Have Vaccine, Will Travel

Casino industry report charts sharp drop in 2020 revenues

Casino industry report charts sharp drop in 2020 revenues