Avataar Venture Partners raises $100 million as add-on capital

Mumbai: Avataar Venture Partners has raised a top-up fund of $100 million to invest in its star portfolio companies and to make new investments. This is in addition to the $300 million it had raised in 2019 to invest in business-to-business (B2B) and Software-as-a-Service (SaaS) companies.

The fund has made three new investments so far, including in Rate Gain and SenseHQ, and has set up a Saas platform called Heal.