Avendus & Zodius Capital to invest up to $500M in India-centric digital businesses

Financial services firm Avendus Capital‘s subsidiary Alternate Asset Management has partnered with the Mumbai-based digital media investor-operator Zodius Capital to setup a new multi-stage technology fund called Zodius Capital II, which will focus on late-stage and pre-IPO technology companies. Plans to invest around $400M-$500M in next 3-4 years. The fund will be raised from investors in 3 tranches of $100M-$150M each. Link

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