Indian investment bank Avendus Advisors on Thursday said that it is in the process of floating a $200 million India specific fund for investing in diversified sectors.
"We are in the process of an India specific fund of $200 million and it would be a growth and equity fund," Ranu Vohra, MD, Avendus said on the sidelines of Nasscom India Leadership Forum in Mumbai.
The fund to be floated in association with US-based Mayfield, is likely to be deployed within next three years.
"It is our first fund and we hope to invest it