Avendus Capital

Avendus Capital is a prominent financial advisory firm based in Mumbai, India, established in 1999. The firm specializes in investment banking, asset management, credit solutions, and wealth management services. Avendus Capital caters to a diverse clientele, including mid-market companies and large multinational organizations, offering tailored solutions from growth-stage funding to complex transactions. The firm operates across six specialized verticals: Digital & Technology, Consumer and Financial Services, Healthcare, Enterprise Technology & Services, Infrastructure & Real Assets, and Industrials. With a strong emphasis on entrepreneurship, Avendus Capital provides comprehensive advisory services in mergers and acquisitions, along with strategic insights for companies and private equity funds, leveraging its extensive experience and deep domain expertise.

Anshul Agarwal

Managing Director and Co-head, Consumer, FIG and Business Services

Apurva Sahijwani

Managing Director and CEO

20 past transactions

Lenskart

Series I in 2022
Lenskart Solutions Private Limited operates as a prominent online eyewear retailer in India, offering a wide range of products including prescription glasses, sunglasses, and contact lenses for men, women, and children. Established in 2008 and based in New Delhi, the company has expanded its presence through numerous retail stores across various cities in India. Lenskart is known for its user-friendly online platform, where customers can select from over 500 designs of eye frames and enjoy features like 48-hour free home delivery and a 365-day return policy. The company provides an extensive selection of contact lenses from leading brands, catering to diverse customer needs. Additionally, Lenskart offers home eye check-up services in several major cities, enhancing customer convenience and accessibility to eye care.

SBI Life

Post in 2022
Founded in 2000, SBI Life Insurance is an India-based insurance company offering individual life insurance products and other products like retirement pensions, protections and savings plans to its clients.

Infra.Market

Debt Financing in 2021
Hella Infra Market Limited specializes in the supply of construction materials, including ready mix concrete, flyash, construction chemicals, aggregates, and cement. Established in 2016 and based in Thane, India, the company operates Infra.Market, an online procurement marketplace designed for the real estate and construction materials sector. This centralized platform streamlines the purchasing process by aggregating client demands and connecting them with its supply chain, while also offering affordable credit options and efficient delivery tracking. By enhancing the technology experience and providing fair pricing, Infra.Market aims to meet the needs of its customers in the construction industry.

Deepak Fertilisers

Post in 2021
Deepak Fertilisers and Petrochemicals Corporation Limited, founded in 1979 and headquartered in Pune, India, is engaged in the production and sale of fertilizers and industrial chemicals. The company operates through several segments, including Chemicals, Bulk Fertilisers, and Realty. The Chemicals segment is a significant revenue contributor, offering a range of products such as ammonia, methanol, and various acids and specialty chemicals. The Bulk Fertilisers segment provides a diverse array of fertilizers, including nitrogenous and phosphate varieties, as well as micronutrients and bio fertilizers. Additionally, the Realty segment focuses on real estate activities, while another segment generates electricity through wind energy. Deepak Fertilisers primarily serves the Indian market but also exports its products to regions in South Asia, Southeast Asia, East and West Africa, and the Middle East.

Licious

Series F in 2021
Licious is a path breaking concept in the Indian Food industry; aimed at solving the perennially existing problem of finding safe, delectable, trustworthy fresh meat in India. The company builds a world-class enterprise that's bound to upgrade the way the company procures, sells, buys, and consumes meat in India.

Licious

Series G in 2021
Licious is a path breaking concept in the Indian Food industry; aimed at solving the perennially existing problem of finding safe, delectable, trustworthy fresh meat in India. The company builds a world-class enterprise that's bound to upgrade the way the company procures, sells, buys, and consumes meat in India.

Ascent Health

Corporate Round in 2020
Ascent Health and Wellness Solutions Private Limited, established in 2012 and based in Mumbai, India, specializes in the distribution of pharmaceutical products. The company offers comprehensive services including warehousing, logistics, and credit support, effectively connecting various pharmaceutical companies. Additionally, Ascent Health provides turn-key solutions for large-scale hospital pharmacy management. The organization aims to enhance the pharmaceutical supply chain by addressing existing inadequacies and fostering a transparent ecosystem. It is committed to implementing advanced technologies and high-standard processes within its supply chain management facilities to improve the overall pharmaceutical landscape.

MyPreferred Transformation

Debt Financing in 2019
MyPreferred Transformation is an investment firm.

Zivame

Venture Round in 2019
Zivame is an online lingerie store launched in August 2011, catering specifically to the needs of Indian women. It offers a diverse range of products, including lingerie, loungewear, swimwear, and nightwear, enabling customers to find their clothing essentials in one convenient location. The platform allows users to browse products by various filters such as category, brand, color, and size, enhancing the shopping experience. Zivame aims to replicate the offline retail experience by providing detailed product information, affordable fast shipping, and a customer-friendly return policy. This approach allows consumers to shop comfortably and privately from their homes, setting Zivame apart in the lingerie and e-commerce sectors.

Bikaji Foods

Secondary Market in 2019
Bikaji Foods International Limited is a prominent producer and seller of a variety of food products, specializing in traditional Indian snacks and sweets. Founded in 1987 and headquartered in Bikaner, India, the company offers an extensive range of items, including bhujia, namkeen, papad, frozen snacks, and sweets like gulab jamuns. Bikaji Foods exports its products to various international markets, including Europe, the Americas, the Gulf region, Australia, Japan, and Singapore. In addition to its retail operations within India, the company operates Hotel Basant Vihar, further diversifying its business portfolio. Bikaji Foods was previously known as Shivdeep Industries Ltd. and maintains an additional office in Mumbai.

EuroKids International

Corporate Round in 2018
EuroKids International Private Limited is a prominent operator of pre-schools in India, specializing in early childhood education. Founded in 1993 and based in Mumbai, the company offers a variety of programs designed to prepare children for regular schooling and daycare services. Its educational offerings include EUROFIR, promoting fitness and motor skills; YOGAKIDS, which focuses on healthy body movement; EUROMUSIC, integrating music and storytelling; MINDFUL, encouraging present-moment awareness; EUPHONICS, a language-based reading foundation; MathLab; and SCIENTIFICSPARK, fostering scientific discovery. EuroKids also provides franchise opportunities for its pre-school brand, further expanding its reach in the education sector. Previously, it operated as a subsidiary of Educomp Solutions Limited.

Advanced Enzymes

Debt Financing in 2018
Advanced Enzyme is a research driven company manufacturing enzymes and probiotics and dedicated to marketing eco-safe solutions to a wide variety of industries like pharmaceuticals, nutraceuticals, animal healthcare, baking, agriculture, waste management, textile, leather, distilling, grain processing, brewing, juice processing, etc. Advanced Enzyme Technologies Ltd. aims to replace all harsh drugs and chemicals used in treating healthcare as well as industrial problems with eco-safe solutions using enzymes and probiotics.

LEAP India

Debt Financing in 2018
LEAP India Private Limited, founded in 2013 and based in Mumbai, specializes in the sale and rental of pallets and foldable large containers. The company provides a range of products including wooden pallets, plastic containers, wooden boxes, and metal wire mesh, catering to various industries such as fast-moving consumer goods, retail, beverage, and automobile. LEAP India also offers transportation services for product movement, inventory management, asset reconditioning, and an online pallet management tool that allows customers to place orders, track deliveries, view invoices, and generate reports. By focusing on efficient asset management and logistical solutions, LEAP India aims to support its clients in overcoming supply chain challenges and enhancing operational efficiency.
2Adpro is a leading provider of advertising design and production services to global media companies. They specialize in the design and creation of online and print advertising for organizations that need advertising built with high quality, fast turnaround and high volume. 2AdPro was founded in 2006 by a group of seasoned executives from the media industry. The primary goal of the company is to combine the breadth and depth of creative talent in India and innovative technology with strong domain experience of the management team to offer high quality, cost advantaged services to our clients. It is the technology and people of 2AdPro that differentiates them from the competition. JobDirect (tm) is their proprietary content management platform that provides data transmission, job management, communications and detailed reporting to media partners. JobDirect gives users unique access and control of the ad-creation resources at their disposal. Through a combination of innovative technology, adaptive processes and a utility based pricing model, 2AdPro has pioneered an On-Demand Global Sourcing model that provides customers with the flexibility and adaptability that they need. The rapid adoption of this model by companies worldwide is a testimony to the value created by the new business model. Services include web and print ad design and production services, metadata generation and conversion of print ads to web/mobile. Web ads range from static banners to rich media ads with interactive features. Through a link from Google's Print Ads program and a retail web portal, 2AdPro also serves directly serves the business-to-business market creating online and print ads for individuals and businesses.

SMAAASH

Venture Round in 2017
SMAAASH Entertainment Pvt Ltd. is an entertainment company based in Mumbai, India, with additional locations in Gurugram, Hyderabad, Bengaluru, Noida, and Ludhiana. Founded in 2009, it operates immersive and interactive entertainment centers that blend sports simulation technology with various recreational activities. The company features attractions such as 360-degree cricket simulators, twilight bowling zones, motor racing simulators, and go-karting tracks. Additionally, SMAAASH offers a range of innovative games, including "walk the plank," "finger coaster," and "cockpit 360," catering to diverse audiences, including families. The centers aim to provide a comprehensive social experience that integrates sports, virtual reality, music, and dining, making them appealing destinations for gaming enthusiasts and visitors seeking leisure activities.

KIMS Hospitals

Debt Financing in 2017
KIMS Hospitals operates as a multi-disciplinary integrated private healthcare services provider in southern India, operating a chain of multispecialty hospitals with focus on tertiary and quaternary healthcare. The company offers healthcare services across specialties and super specialties through their network of six hospitals under the “KIMS Hospitals” brand. Their flagship hospital at Secunderabad, is one of the largest private hospitals in India at a single location (excluding medical colleges), with a capacity of 1,000 beds. Spread across six cities in the states of Andhra Pradesh and Telangana, their hospitals provided services to over 638,529 patients (including inpatients and outpatients) in fiscal year 2017.

Zodius

Acquisition in 2017
Zodius Advisors India Private Limited is a Mumbai-based venture capital and private equity firm established in 2011, focusing on early-stage to growth capital investments primarily in the Fintech sector. The firm targets investments in high-growth areas within technology and services, including big data, digital media, e-commerce, healthcare, enterprise software, and consumer technology. Zodius typically invests between $8 million and $40 million in Indian companies, aiming to build market-defining businesses in emerging markets lacking established leaders. The firm is known for actively collaborating with its portfolio companies to accelerate their growth and profitability, developing one company approximately every six months. Through its focus on sectors like digital commerce and analytics, Zodius seeks to capitalize on significant opportunities in the evolving market landscape.

Ocean Dial Asset Management

Acquisition in 2017
India Investment Partners Limited is a privately owned investment manager. The firm manages mutual funds for its clients. It invests in the private equity and public equity markets of India. The firm was founded in 2005 and is based in London, United Kingdom. India Investment Partners Limited is a subsidiary of India Advisory Partners Pvt. Ltd. As of November 27, 2017, Ocean Dial Asset Management Limited operates as a subsidiary of Avendus Capital Private Limited, Investment Arm.

MT Educare

Post in 2013
Mahesh Tutorials with a mission of revolutionizing education and transforming lives. Prior to that, he was planning to pursue a career in the Army, but a chance meeting with a friend led him into the world of teaching. Due to his friend’s prodding.
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