Avataar Venture Partners expects three IPOs from first two funds by 2028
Subscribe to enjoy similar stories.Avataar Venture Partners expects at least three liquidity events from its first fund and two from its $350 million second fund within the next 18-20 months, a top executive at the growth investing firm told Mint.“We're expecting a couple of our mature companies to list in 2027 or early 2028,” Mohan Kumar, founding managing partner at Avataar Venture Partners, said in an interview. “By 2028, we'll have three public companies.”He declined to name which of the firm's portfolio companies were considering initial public offerings (IPOs).
One of its portfolio companies, Insurance Dekho, is considering going public with a $250 million raise through a mix of new shares and secondary sales, Bloomberg first reported in February.On whether these IPOs could deliver outsized returns, Kumar said they could return at least “half the fund and a little bit more”.Avataar has already secured at least two partial exits from its first fund via the public markets: loyalty SaaS provider Capillary Technologies, which listed in November 2025, and cloud streaming platform Amagi, which launched its IPO in January 2026. The firm continues to hold a stake in Capillary because it also invested in the company through Fund II, which is nearly completely deployed.From late last year to early this year, venture funds saw a slew of exits as mature companies headed for the bourses, leaving funds with large pools of capital.
Read on livemint.com