Avendus Capital

Avendus Capital is a prominent investment banking firm based in Mumbai, India, founded in 1999. The firm specializes in providing a range of financial services, including private equity syndication, mergers and acquisitions, asset management, credit solutions, and wealth management. It caters to a diverse clientele that includes mid-market companies, large multinational organizations, institutional investors, and high-net-worth individuals. Avendus Capital operates across six specialized sectors: Digital & Technology, Consumer and Financial Services, Healthcare, Enterprise Technology & Services, Infrastructure & Real Assets, and Industrials, leveraging its deep domain expertise to deliver customized financial solutions. With additional offices in Bengaluru, Kolkata, Gurgaon, New York, and London, Avendus Capital is well-positioned to serve its clients both domestically and globally.

Kaushal Aggarwal

Co-Founder and MD

Gaurav Deepak

Co-Founder and MD

Sameer Kamath

Executive Director and Group CFO

Dhiren Mehta

MD, Capital Strategies

Ankit Singhal

VP

Sandeep Thapliyal

MD and CEO, Avendus Finance

Ranu Vohra

Co-Founder, MD and CEO

26 past transactions

MyPreferred Transformation

Debt Financing in 2019
MyPreferred Transformation is an investment firm.

Infra.Market

Debt Financing in 2021
Hella Infra Market develops an online procurement marketplace intended to serve the real estate and construction materials industry. Its centralized platform aggregates clients' demands, matching them with its supply chain along with affordable credit options and efficient delivery tracking facility, providing clients with fair pricing and enhanced technology experience.

Deepak Fertilisers

Post in 2021
Deepak Fertilisers And Petrochemicals Corporation Limited produces and sells fertilizers and industrial chemicals in India. It operates through Chemicals, Bulk Fertilisers, Realty, and Others segments. The Chemicals segment offers ammonia, methanol, dilute nitric acid, concentrated nitric acid, carbon dioxide, technical ammonium nitrate, iso-propyl alcohol, propane, and bulk and specialty chemicals. The Bulk Fertilisers segment provides nitro phosphate, muriate of potash, di-ammonium phosphate AP, ammonium sulphate, mixtures, single super phosphate, sulphur, micronutrients, SSF, bio fertilizers, fruits, vegetables, and pesticides. The Realty segment is involved in the real estate business. The Others segment generates electricity through windmills. The company primarily exports its products to South Asia, South East Asia, East and West Africa, and the Middle East. Deepak Fertilisers And Petrochemicals Corporation Limited was founded in 1979 and is headquartered in Pune, India.

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.

Zivame

Venture Round in 2019
[Zivame](http://www.zivame.com), an online lingerie store featuring hundreds of styles for the Indian woman, officially opened its doors online in August 2011. Customers can easily browse by category, brand, color, size and even choose lingerie by identifying what they want to wear it under! Zivame replicates the offline shopping experience by offering detailed product pages, inexpensive fast shipping and has a customer-friendly hassle-free return policy. Whether you're an Indian woman or man, Zivame is focused on creating an online shopping experience where users can browse at their convenience and privacy of their homes. Zivame defies expectations in the lingerie and e-commerce space by surpassing what consumers have enjoyed hitherto in brick and mortar lingerie stores.

GlobalBees

Debt Financing in 2024
GlobalBees is a company dedicated to finding and scaling great products.

Veritas Finance

Private Equity Round in 2023
Veritas Finance Private Limited, a non-banking finance company, provides financial services for micro, small, and medium enterprises (MSME) primarily in the rural and semi-urban areas in India. It offers MSME, working capital, and construction loans, as well as loans for business expansion, purchase of assets, construction of houses, etc. The company was founded in 2015 and is based in Chennai, India.

Xpressbees

Secondary Market in 2022
Xpressbees is an e-commerce logistics company that provides reliable logistics solutions to its partners. The company offers comprehensive last-mile delivery, reverse logistics, payment collection, drop shipping, vendor management, cross border services, fulfillment services, and tailored software solutions to clients. Xpressbees was founded in 2015 and is headquartered in Pune, 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.

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.

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.

Zodius

Acquisition in 2017
Zodius builds exceptional market defining businesses in new and high growth areas where an exciting new market is emerging and there is no leader in place to drive the market. Operational since 2011, Zodius typically develops one company every six months and works intensively with its portfolio company teams to “speed up” and “shape up” for exceptional growth and profitability.

LEAP India

Debt Financing in 2018
LEAP India Private Limited is engaged in selling and renting/pooling of pallets and foldable large containers (FLC). The company offers wooden pallets, plastic containers, wooden boxes, and metal wire mesh catering to various sectors. It also provides transportation facility to the customers for primary or secondary movement of products; inventory management; assets reconditioning and repairing services; and an online pallet management tool that allows customers to place orders, check delivery dates, view invoices, and generate reports. It serves to industries, including fast-moving consumer goods (FMCG), retail, beverage, and automobile. The company was founded in 2013 and is based in Mumbai, India.

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.

Onsitego

Private Placement in 2020
Onsite Electro Services Pvt. Ltd. offers extended warranty for digital products and home appliances. Its products includes damage protection for mobile phones, tablets and laptops after the expiry of manufacturer’s warranty. Its plans can be purchased from the company website or through its online and offline preferred partners across India. The company was founded in 2010 and is based in Mumbai, India.

SMAAASH

Venture Round in 2017
Smaaash Entertainment Pvt Ltd. operates entertainment centers in Mumbai, Gurugram, Hyderabad, Bengaluru, Noida, and Ludhiana, India. The company provides sports simulation technology based cricket, football, racing, and recreational activities; as well as dining for men, women, and children. Its offerings include 360 degree cricket simulators, twilight bowling zones, motor racing simulators, and go-karting tracks; as well as games such as walk the plank, finger coaster, and cockpit 360. Smaaash Entertainment Pvt Ltd. was incorporated in 2009 and is based in Mumbai, India.

Bikaji Foods

Secondary Market in 2019
Bikaji Foods International Limited produces and sells food products. The company offers bhujia, namkeen, papad, snacks, and sweets. It also offers frozen snacks and sweets. It exports its products to European countries, American and Gulf countries, Australia, Japan, and Singapore. The company offers its products through its retail outlets in India. Additionally, it also owns and operates Hotel Basant Vihar. Bikaji Foods International Limited was formerly known as Shivdeep Industries Ltd. The company was founded in 1987 and is based in Bikaner, India with an additional office in Mumbai, India.

Ascent Health

Corporate Round in 2020
Ascent Health & Wellness Solutions is a group of youthful and experienced individuals, aiming at improving and enhancing the supply-chain of pharmaceutical products.Their mission is to remove all the inadequacies in the current supply chain and create an ideal and transparent ecosystem.Their vision is to ensure world's best technologies and highest degree processes are implemented at our supply chain management facilities to elevate the entire Pharma ecosystem.

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.

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.

EuroKids International

Corporate Round in 2018
EuroKids International is the companies in the education space in India which has its presence in the pre-schooling, K-12 sector and online learning domain. EuroKids pre-schools is one of the leading pre-schools in India, specializing in early childhood education and pre-school programs.

Avanse Financial Services

Private Equity Round in 2024
Avanse Financial Services Limited, a non-banking finance company, provides education finance and loans to students in India. The company offers higher education loans to study in India and abroad; and e-learning loans to various segments, including the vocational streams, such as self-learning, tutoring, up-skilling, and employability based programs. It also provides educational institutional loans for financing the working and growth capital needs of educational institutes. The company was incorporated in 1992 and is based in Mumbai, India. Avanse Financial Services Limited is a subsidiary of Olive Vine Investment Limited.

Bikaji Foods

Merger/Acquisition in 2019
Bikaji Foods International Limited produces and sells food products. The company offers bhujia, namkeen, papad, snacks, and sweets. It also offers frozen snacks and sweets. It exports its products to European countries, American and Gulf countries, Australia, Japan, and Singapore. The company offers its products through its retail outlets in India. Additionally, it also owns and operates Hotel Basant Vihar. Bikaji Foods International Limited was formerly known as Shivdeep Industries Ltd. The company was founded in 1987 and is based in Bikaner, India with an additional office in Mumbai, India.

Lenskart

Series I in 2022
Lenskart Solutions Private Limited owns and operates an online shopping portal for men and women eyewear in India. It provides goggles, contact lenses, and sunglasses, as well as frames and sunglasses for kids. The company also owns and operates eyewear retail stores in India; and provides home eye check-up services in Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Pune, Delhi, Gurgaon, Noida, Faridabad, and Ghaziabad. Lenskart Solutions Private Limited was formerly known as Valyoo Technologies Private Limited and changed its name to Lenskart Solutions Private Limited in May 2015. The company was incorporated in 2008 and is based in New Delhi, India with retail stores in Delhi, Agartala, Nagpur, Ahmadabad, Mangalore, Kolhapur, Visakhapatnam, Hyderabad, Bengaluru, Sangli, Mumbai, Pune, Bhubaneshawar, Siliguri, Haridwar, Lucknow, Faridabad, Meerut, Erode, Ludhiana, Jamshedpur, Kolkata, Varanasi, Trivandrum, Kochi, Chennai, Tirupati, Raipur, Surat, Ranchi, Cuttack, Kannur, Dhanabad, Indore, and Madurai, India; and Goa.
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.