Avora SME Fund — Avora Advisors | Wisefolio

Avora SME Fund

Cat I · Managed by Avora Advisors

Empowering Indian SMEs with Expertise

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

Avora SME Fund is a SEBI-registered Category I Alternative Investment Fund (IN/AIF1/24-25/1732) managed by Avora Advisors LLP, a boutique investment management firm focused on Indian SMEs. The fund's first scheme — Avora SME Fund 1 — was launched in June 2025 with a target corpus of INR 40 crore and a fund term of 3+2 years. It is structured as a closed-ended vehicle investing in high-growth small and medium enterprises across India, providing strategic growth capital alongside institutional-grade governance and rigorous forensic due diligence. The fund is managed by a two-partner team: Aditya Bhutra (B.Tech IIT Kanpur, MSc Finance, CFA) with 7+ years of international experience at global investment banks and hedge funds, and Ankita Rathi (CA, CS) with over a decade of experience in company audits and financial markets. Avora Advisors LLP aspires to nurture SME companies by making strategic investments and promoting sustainable growth, bridging the gap between high-potential enterprises and institutional-grade investment management. The fund is registered with SEBI under its Dadar West, Mumbai address and operates from Kolkata.

Investment philosophy

Avora Advisors' investment philosophy for the SME Fund rests on three pillars: High Growth (backing businesses delivering robust fundamental growth), Strong Governance (conducting in-depth forensic analysis and thorough background checks on promoters and businesses), and Favourable Valuation (ensuring a significant margin of safety at entry). The firm seeks to nurture SME companies by making strategic investments and promoting sustainable growth, combining capital with institutional-grade oversight to create long-term value for both investors and investee companies.

Team2

Aditya Bhutra

Partner

B.Tech, IIT Kanpur | MSc. Finance | CFA

7+ years of international experience in Financial markets spanning Global Investment Banks and Hedge Funds.

Ankita Rathi

Partner

CA | CS

More than a decade of experience in Company Audits and Financial markets.

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF1/24-25/1732

RegisteredFeb 2025 (1 year ago)

Valid untilPerpetual

Contact personAditya Bhutra

AddressThe Ruby, 2nd Floor, SW, 29, Senapati Bapat Marg, Dadar West, Mumbai, Maharashtra, 400028

Investment manager

Insights

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Disclaimer

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