Software-as-a-service and B2B technology-focused Avataar Venture Partners – the backer of unicorns such as Amagi and Zenoti – has launched its second fund with a target corpus of $350 million (about Rs 2,800 crore), according to an announcement.
Fund II, which has hit the first close with investments from institutional investors from the US, Europe and West Asia, may end up raising $400 million in the final close, per media reports.
