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Why a small fund from Avendus stable built up stakes in unicorns

By Ranjani Raghavan

  • 16 Jun 2021
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Why a small fund from Avendus stable built up stakes in unicorns
Credit: 123RF.com

A fund floated by Avendus Asset Management Ltd -- with an aim to make late-stage investments in mature companies -- has built up positions in four unicorns over the last year.   Unicorns are startups that are priced at least $1 billion by their shareholders.   Avendus’ Future Leaders Fund has acquired ......

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