Alternate
Equity

Wealth Management

Select past engagements

PE/ VC Funds

Early-stage Consumer focused Venture Capital Fund investing primarily in consumer brands
Led by Kanwaljit Singh, a consumer sector veteran with 30+ years of operating and investing experience spanning across HUL, Intel India, The Carlyle Group and Helion Ventures. The Firm has 4 partners and an experienced investment team in building Consumer companies
1^st port of call for consumer entrepreneurs providing access to the best deals and provides significant value addition to the portfolio companies on an ongoing basis

Consumer-focused fund investing across multiple stages with expertise in identifying emerging disruptors who can challenge market incumbents
Founded by Nikhil Vora, (ex-MD & Head of Research at IDFC Securities), a consumer sector veteran with 28+ years of experience & an extensive personal investment track record
First domestic fund with an option for zero management fees or zero profit share on performance

Early-stage venture capital fund investing in disruptive tech-enabled businesses
Founded by Manish Kheterpal; a Stanford alumnus with 17 years of investment and fund management experience
Experienced fund team with proven track record across funds in Waterbridge and prior experience in global PE/VC funds like Providence Equity, Actis, and Rho Ventures

Early-stage venture fund targeting core technology, IP and innovation led investments
Founded by Venkat Vallabhaneni & Jatin Desai, serial entrepreneurs and investors with 25+ years of experience in technology sector
Focus on unique themes like artificial intelligence, cyber security, artificial/virtual reality, cloud computing, automation, etc.

Early-stage, technology focused venture capital fund targeting domestic consumer-tech / SMB and global SaaS / deep-tech sectors
Led by partners Karthik Reddy, Sanjay Nath & Ashish Fafadia, who have been investing together in early-stage tech for over a decade in India
One of the largest homegrown Venture Capital managers in the last decade, managing AUM of ~USD 400 million
Proven track record across 3 flagship funds and other top-up / follow-on pools of capital

Growth & later-stage fund investing in tech and tech-enabled companies run by exceptional entrepreneurs
Founded by Rishi Navani, a Wharton alumnus with 25 years of investing experience in the Indian ecosystem (Ex-Cofounder & Managing Partner, Matrix Partners India; Ex-Managing Director, WestBridge Capital)
Well-regarded in the investing ecosystem, having longstanding relationships with top-tier founders and early-stage funds

Investing opportunistically in ‘best of breed’ late-stage private companies in digital technologies, consumption and financial services sectors
Sponsored by Avendus Capital, one of the leading private equity syndicators in the country, the fund has access to its network of top-tier private companies and industry insights
Fund manager, Ritesh Chandra comes with 25+ years of deal making experience. Prior to managing the fund, he led Consumer & Financial services practice at Avendus Investment Banking for ~10 years

India’s largest online financial services marketplace
Market leader in online insurance distribution in India
Strong investor base, including Softbank, Tiger Global, Chiratae, InfoEdge, Temasek & Premji Invest
Secondary equity transaction by Avendus Wealth team [Pre-Listing]

Largest stock exchange in India and second largest in the world, with a fully integrated business model
Market leader in all segments, with a near monopoly in cash equities and equity derivatives
Top-tier investors like LIC, SBI, Tiger Global, SAIF, Goldman Sachs, Morgan Stanley, Radhakishan Damani, etc.
Secondary equity transaction by Avendus Wealth team

One of the leading Standalone Health Insurer (SAHIs) in India
Growing health insurance market, especially with tailwinds from Covid
Presence of well-known PE fund, Kedaara Capital on the cap table since 2020
Secondary equity transaction by Avendus Wealth team

India’s 2nd largest player in extended warranty market & 3rd largest player in mobile protection market
Significant scale achieved with favorable unit economics through a capital efficient approach
Backed by marquee investors like Accel, IFC
Secondary equity transaction by Avendus Wealth team

One of the fastest growing premium tea direct to consumer brand with a global presence
Quality product with good traction in market
Experienced promoter backed by strong investors like Fireside Ventures and Sixth Sense
Primary investment transaction by Avendus Wealth team

PE/ VC Funds+

Early-stage Consumer focused Venture Capital Fund investing primarily in consumer brands
Led by Kanwaljit Singh, a consumer sector veteran with 30+ years of operating and investing experience spanning across HUL, Intel India, The Carlyle Group and Helion Ventures. The Firm has 4 partners and an experienced investment team in building Consumer companies
1^st port of call for consumer entrepreneurs providing access to the best deals and provides significant value addition to the portfolio companies on an ongoing basis

Consumer-focused fund investing across multiple stages with expertise in identifying emerging disruptors who can challenge market incumbents
Founded by Nikhil Vora, (ex-MD & Head of Research at IDFC Securities), a consumer sector veteran with 28+ years of experience & an extensive personal investment track record
First domestic fund with an option for zero management fees or zero profit share on performance

Early-stage venture capital fund investing in disruptive tech-enabled businesses
Founded by Manish Kheterpal ; a Stanford alumnus with 17 years of investment and fund management experience
Experienced fund team with proven track record across funds in Waterbridge and prior experience in global PE/VC funds like Providence Equity, Actis, and Rho Ventures

Early-stage venture fund targeting core technology, IP and innovation led investments
Founded by Venkat Vallabhaneni & Jatin Desai, serial entrepreneurs and investors with 25+ years of experience in technology sector
Focus on unique themes like artificial intelligence, cyber security, artificial/virtual reality, cloud computing, automation, etc.

Early-stage, technology focused venture capital fund targeting domestic consumer-tech / SMB and global SaaS / deep-tech sectors
Led by partners Karthik Reddy, Sanjay Nath & Ashish Fafadia, who have been investing together in early-stage tech for over a decade in India
One of the largest homegrown Venture Capital managers in the last decade, managing AUM of ~USD 400 million
Proven track record across 3 flagship funds and other top-up / follow-on pools of capital

Growth & later-stage fund investing in tech and tech-enabled companies run by exceptional entrepreneurs
Founded by Rishi Navani, a Wharton alumnus with 25 years of investing experience in the Indian ecosystem (Ex-Cofounder & Managing Partner, Matrix Partners India; Ex-Managing Director, WestBridge Capital)
Well-regarded in the investing ecosystem, having longstanding relationships with top-tier founders and early-stage funds

Investing opportunistically in ‘best of breed’ late-stage private companies in digital technologies, consumption and financial services sectors
Sponsored by Avendus Capital, one of the leading private equity syndicators in the country, the fund has access to its network of top-tier private companies and industry insights
Fund manager, Ritesh Chandra comes with 25+ years of deal making experience. Prior to managing the fund, he led Consumer & Financial services practice at Avendus Investment Banking for ~10 years

Growth & later-stage fund investing in tech and tech-enabled companies run by exceptional entrepreneurs
Founded by Rishi Navani, a Wharton alumnus with 25 years of investing experience in the Indian ecosystem (Ex-Cofounder & Managing Partner, Matrix Partners India; Ex-Managing Director, WestBridge Capital)
Well-regarded in the investing ecosystem, having longstanding relationships with top-tier founders and early-stage funds

Providing investment opportunity in late-stage market leaders & emerging leaders in digital technologies, consumption and financial services
Sponsored by Avendus Capital, one of the leading private equity syndicators in the country, providing the fund with a significant edge in access to top-tier private companies and industry expertise
Fund manager Ritesh Chandra comes with 25+years of deal making experience. Prior to managing the fund, he led Consumer & Financial services practice at Avendus Investment Banking for ~10 years

India’s largest online financial services marketplace
Market leader in online insurance distribution in India
Strong investor base, including Softbank, Tiger Global, Chiratae, InfoEdge, Temasek & Premji Invest
Secondary equity transaction by Avendus Wealth team [Pre-Listing]

Largest stock exchange in India and second largest in the world, with a fully integrated business model
Market leader in all segments, with a near monopoly in cash equities and equity derivatives
Top-tier investors like LIC, SBI, Tiger Global, SAIF, Goldman Sachs, Morgan Stanley, Radhakishan Damani, etc.
Secondary equity transaction by Avendus Wealth team

One of the leading Standalone Health Insurer (SAHIs) in India
Growing health insurance market, especially with tailwinds from Covid
Presence of well-known PE fund, Kedaara Capital on the cap table since 2020
Secondary equity transaction by Avendus Wealth team

India’s 2nd largest player in extended warranty market & 3rd largest player in mobile protection market
Significant scale achieved with favorable unit economics through a capital efficient approach
Backed by marquee investors like Accel, IFC
Secondary equity transaction by Avendus Wealth team

One of the fastest growing premium tea direct to consumer brand with a global presence
Quality product with good traction in market
Experienced promoter backed by strong investors like Fireside Ventures and Sixth Sense
Primary investment transaction by Avendus Wealth team

Disclaimer | Key Risks

Wealth Management

December 2022

Fixed Maturity Plans investing in STRIPS – an innovative “passive” solution from the Mutual Fund industry

In the fixed income mutual fund space, the assets under the passive options is increasing rapidly. As of Oct’22, its stands at over INR 1500 bn.

Read Time: 3 minutes

Wealth Management

May 2022

Can investing in Low Volatility Indices be mainstay of Large Cap allocation?

Low Vol ETF or smart beta ETF have become popular over the past few years. Does low volatility imply low risk? How does it compare on the performance side ? Our latest article explores the reasons behind its rising popularity and answers these questi...

Read Time: 7 minutes

Wealth Management

April 2022

Active Vs Passive Investing – Will India Ape the West?

Passive investing has become much more popular over the past few years. Across asset classes, investors have started allocating money to ETFs, Fund of Funds & Index funds in a much more meaningful way. Our latest article explores the reasons behind t...

Read Time: 8 minutes

Wealth Management

February 2021

India Equity View: CY2021 – Great Expectations

Indian equities delivered surprisingly good returns in CY20.Further, the Covid-19 induced transitionary economic recession implies that for equities, CY21 has begun in the proverbial ‘Goldilocks’ zone with great expectations. So what do the equity ma...

Read Time: 3 minutes

Wealth Management

January 2020

India's Venture Capital Quotient: Anand Lunia, India Quotient, talks about emerging themes

Anand Lunia, Founding Partner, India Quotient, one of the most successful Indian VCs, talks to Avendus Wealth Management about their barbell investment strategy, upcoming themes in India's unlisted markets, and how the space is fast garnering attenti...

View Time: 6 minutes

Wealth Management

January 2020

Why Indian families must allocate capital to global assets

Indian investors have a significant home bias while investing. More than 98% of their savings are invested in domestic markets. By contrast, US based investors tend to invest 27% in international markets while those in the UK invest about 50% of thei...

Read Time: 8 minutes

Wealth Management

October 2019

Simplifying fund selection for your investment portfolio

Fund selection is the second most important parameter, after asset allocation, when it comes to building a robust investment portfolio. It is a game of prudence, involving careful cherry picking of managers to help you achieve your financial goals, w...

Read Time: 3 minutes

Wealth Management

May 2019

Investment Trend Alert: An emerging market for employee shares in unlisted companies

In the early 1990s, the stock market acted not only as a primary source of financing to new businesses, but was one of the key avenues for the investor community to allocate capital.

Read Time: 4 minutes

Alternate Equity

Disclaimer | Key Risks

Wealth Management

December 2022

Fixed Maturity Plans investing in STRIPS – an innovative “passive” solution from the Mutual Fund industry

Wealth Management

May 2022

Can investing in Low Volatility Indices be mainstay of Large Cap allocation?

Wealth Management

April 2022

Active Vs Passive Investing – Will India Ape the West?

Wealth Management

February 2021

India Equity View: CY2021 – Great Expectations

Wealth Management

January 2020

India's Venture Capital Quotient: Anand Lunia, India Quotient, talks about emerging themes

Wealth Management

January 2020

Why Indian families must allocate capital to global assets

Wealth Management

October 2019

Simplifying fund selection for your investment portfolio

Wealth Management

May 2019

Investment Trend Alert: An emerging market for employee shares in unlisted companies

Alternate
Equity