Avataar hits first close on second India growth-stage tech fund
Avataar Venture Partners, an India-based investor in growth-stage B2B technology and software-as-a-service (SaaS) companies, has reached a first close of USD 130m on its second fund. The overall target is USD 350m.
The firm said it had received commitments from institutional investors in the US, Europe, and the Middle East, but declined to comment on the size of the first close. That information was shared with AVCJ...
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