Growth equity · Growth–Late stage · Bengaluru
Avataar Ventures
Verified by Women Can StartupSnapshot
- Firm type
- Growth equity
- Founded
- 2019
- Headquarters
- Bengaluru
- Fund / AUM
- First fund ~$350M (incl. $100M add-on); Fund II target ~$350M
- Typical cheque
- $10M – $30M
- Geographies
- India
- Leads rounds
- Yes
- Last updated
- 23 July 2026
About Avataar Ventures
A growth-stage, operationally hands-on fund backing B2B and enterprise SaaS companies that already have meaningful ARR and global ambitions, pairing capital with scaling support.
Avataar Ventures is a growth equity based in Bengaluru, founded in 2019, investing in India. It backs companies at the Growth and Late stage stages, with a focus on B2B SaaS and Enterprise software. Typical cheques run $10M – $30M. It usually leads the rounds it joins.
On fund size, the firm reports First fund ~$350M (incl. $100M add-on); Fund II target ~$350M. Its portfolio includes Zenoti, Amagi, Algonomy, ElasticRun, Capillary Technologies and Sense.
Investment focus
Stages
Sectors
Notable investments
6 of Avataar Ventures’s better-known bets, grouped by sector. Names in coral open the company’s profile or founder story on this site.
SaaS
Media tech
Retail analytics
B2B commerce
HR tech
How to pitch Avataar Ventures
Practical pointers drawn from what Avataar Ventures says it backs. Always confirm the current focus and process with the firm before you reach out.
- They invest at Growth and Late stage. Approach them when your company is already scaling with strong metrics, through to companies at significant scale.
- Their focus is B2B SaaS and Enterprise software, so lead with why you fit there.
- Cheques are typically $10M – $30M, so size your round and ask accordingly.
- The strongest way in is a warm introduction, ideally from a founder they have backed, such as Zenoti, Amagi and Algonomy.
- You can find the team and their current focus on their website, linked below.
Partners
Mohan Kumar
Founder & Managing Partner
Nishant Rao
Founder & Managing Partner
Website & links
Frequently asked questions
- What stage does Avataar Ventures invest at?
- Avataar Ventures invests at the Growth and Late stage stages, typically writing cheques of $10M – $30M.
- What sectors does Avataar Ventures invest in?
- Avataar Ventures focuses on B2B SaaS and Enterprise software.
- Which companies has Avataar Ventures invested in?
- Notable investments include Zenoti, Amagi, Algonomy, ElasticRun, Capillary Technologies and Sense. See the full list on this page.
- Who are the partners at Avataar Ventures?
- Key people include Mohan Kumar (Founder & Managing Partner) and Nishant Rao (Founder & Managing Partner).
- Where is Avataar Ventures based?
- Avataar Ventures is headquartered in Bengaluru.
- Does Avataar Ventures invest in women founders?
- Avataar Ventures is a generalist fund and backs strong founders regardless of gender, women founders included. For funds with an explicit women-founder mandate, see our women-focused funds list.
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