Avendus Future Leaders Fund (FLF) has made its first investment from its newly launched Future Leaders Fund III, acquiring a minority stake in La Renon Healthcare for approximately INR 1.6 billion. Founded in 2007, La Renon is a rapidly growing firm in India’s branded medicines sector, specializing in chronic treatments, particularly in nephrology. Ritesh Chandra, Managing Partner at FLF, highlighted the company’s consistent growth under Pankaj Singh’s leadership. Avendus, established in 1999, is a prominent financial services firm focused on investment banking, asset management, and wealth management, aiming to deliver sustainable returns through diverse investment strategies.