Private equity (Cat II) · SEBI registry
Avatar Growth Capital India Trust
Growth (Series C+) · IT / SaaS / Enterprise Software · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- IT / SaaS / Enterprise Software
- City
- Mumbai
- HQ / office
- One BKC, Bandra Kurla Complex, Mumbai (registry address: Dalamal Tower, Nariman Point, Mumbai)
- Fund registered
- 2025
- Investments on record
- 5
- Website
- www.avatargcp.com
About
Avatar Growth Capital is a Mumbai-based growth-equity / venture firm founded in 2017 by Vishal Bakshi (ex-head of Goldman Sachs Private Equity India) and Abhay Havaldar (ex-head of General Atlantic India), investing in India-US technology companies. The site states the team has invested USD 1.7B and realized USD 4.7B at a 2.7x MOIC.
Investment focus
Late-VC / growth equity in mid-market technology and tech-driven companies (SaaS, IP-led services) across India and the US; typical cheque ~USD 10-30M per company
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/25-26/2077
SIDBI Fund of Funds
None found
Notable portfolio
SirionLabs; CoreStack; Blueshift; Mad Street Den; HrdWyr
Team & organisation
Led by 2 Managing Partners — Vishal Bakshi and Abhay Havaldar (each 20+ yrs); broader core team referenced but headcount not disclosed.
Category II AIF (trust) managed by Avatar Growth Capital Partners LLP. Full life-cycle India-US tech investor (VC/growth equity/IPO/M&A). Office: One BKC, G-Block, Bandra Kurla Complex, Mumbai 400051; email [contact on file].
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Frequently asked
- What does Avatar Growth Capital India Trust invest in?
- Late-VC / growth equity in mid-market technology and tech-driven companies (SaaS, IP-led services) across India and the US; typical cheque ~USD 10-30M per company
- How do I pitch Avatar Growth Capital India Trust through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ PE / growth-equity (later-stage, not early VC)
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.avatargcp.com/; https://www.bloomberg.com/profile/company/1801436D:IN