It will be built on the existing

Avendus Capital acquires Zodius, to launch $250 mn for a growth capital fund

Mumbai-based Avendus Capital Ltd has acquired the Zodius platform, an early growth private equity investor in digital companies.

It also plans to launch a USD 250 million Zodius Growth Capital Fund.

 Zodius track record and invest in new economy ventures.

The new fund will be led by Shilpa Kulkarni, a partner in the previous Zodius funds and invest in digital, technology and consumer companies.

The Zodius founding team of Neeraj Bhargava, Gautam Patel, and Shilpa Kulkarni will continue to run the existing funds namely Zodius Technology Fund and Zodius Technology Opportunities Fund and actively support the portfolio till the point of exit of portfolio companies and closure of the fund.

“Avendus has a strong franchise in digital and technology businesses and we see a lot of potential in growing the Zodius platform as a part of the Avendus family. The acquisition is in line with our ambition to strengthen our asset management business and Zodius is an important addition to the franchise, said Ranu Vohra, MD, and CEO, Avendus Capital.

Shilpa Kulkarni, said, “Growth Capital in India, specifically in Consumer and Enterprise Technolgy is an exciting opportunity and we have built an exceptional portfolio in our previous fund.”

Zodius founder and Senior Managing Director, Neeraj Bhargava, will continue to provide guidance and chair the investment committee of the new fund.