Avendus, Zodius team up to invest $500 million in technology companies.

Domestic merchant banker Avendus Capital recently partnered with private equity fund Zodius Capital to invest up to $500 million in late-stage technology companies.

The investments will be made in India-centric digital and SMAC (social, mobile, analytics and cloud) companies in late stage or before an initial public offering over the next three-four years, a statement said.

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