New Delhi, April 26 -- 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 Fe...