Avendus Capital Advises R&R Salons on Its Fund Raising From Everstone Capital and Helion Venture Partners.

R&R Salons Private Limited is a Bangalore based company running the “YLG” brand of women-only salons. Started in 2008, it currently operates eighteen salons in Bangalore and one salon in Pune. It also operates an academy which offers hair and beauty training courses to students. The company is promoted by Mr. Rahul Bhalchandra. Helion Venture Partners had invested in the company in 2008.

Everstone Capital is an India focused investor with dedicated private equity and real estate funds with assets under management of around USD 1.6 billion. Founded in 2006 by Atul Kapur and Sameer Sain, Everstone Capital now has more than 100 people working across five offices and has invested over US$ 1 billion in India over the last 6 years. Everstone Capital has an active operational, hands-on approach to its private equity and real estate investment management businesses with a focus on companies that benefit from domestic consumption within India and several other sectors such as energy and infrastructure services. Some of Everstone's investments include Sula, VLCC, Blue Foods, IndoStar Capital, Crystal Crop Protection, Regen Powertech and Asian Genco.

Helion is a multi-stage, India-focused venture fund with over $600 million under management. The fund invests in businesses that are technology-powered or catering to the Indian consumer services space. The focus sectors of investment include - internet, mobile, technology products, outsourcing, Healthcare, education, retail services and financial services. The fund's investors are well-respected global institutions including top tier university endowment funds, sovereign funds, foundations, pension funds, family offices and Fund of funds. The fund and its portfolio companies are advised by an experienced and industry renowned team of professionals based in India and includes Sanjeev Aggarwal, Ashish Gupta, Kanwaljit Singh, Rahul Chandra and R Natarajan.