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Avendus fund, SBI Life pump ₹150 cr each into Aragen

Mint Hyderabad

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August 13, 2025

Other investors are Goldman Sachs and Quadria Capital, which invested $100 mn earlier at a $1.4 bn valuation

- Rwit Ghosh & Sneha Shah

Avendus Group's private equity fund, the Avendus Future Leaders Fund, and SBI Life Insurance have invested ₹150 crore each in Aragen Life Sciences for a minority stake. Avendus made the investment from its third Future Leaders Fund (FLF III).

The stake purchase is a secondary deal, with both investors picking up over 2.5% each in Aragen from Reddy Investment Trust that is linked to the GVK Group. The Trust cut its stake in Aragen, formerly GVK Biosciences, and rebranded in December 2020.

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