Avendus launches third private credit fund, aiming for Rs 4,000 Cr corpus

Avendus has launched its third private credit fund, focusing on providing credit to small and medium-sized enterprises (SMEs) in India. The fund will offer flexible financing solutions to businesses in need of capital to expand their operations or manage cash flow. The move is expected to help address the funding gap faced by many SMEs, particularly in a post-pandemic environment. Avendus’s new fund aims to support economic growth and job creation by providing SMEs with access to capital that can be used for strategic investments, working capital, or expansion projects.