About Avendus
Avendus is a company based in Mumbai (India) founded in 1999 by Ranu Vohra, Kaushal Aggarwal, and Gaurav Deepak was acquired by Mizuho Financial Group in December 2025. It operates as a Professional Services, and Brokerage / Intermediation. Avendus has raised $178.14 million across 5 funding rounds from investors including KKR, Mizuho Financial Group and Gaja Capital. The company has 207 employees as of March 28, 2024. Avendus has completed 2 acquisitions, including Ocean Dial and Zodius. Avendus offers products and services including Asset Management, Credit Solutions, Investment Banking, Institutional Equities, and Wealth Management.
- Headquarter Mumbai, India
- Employees 207 as on 28 Mar, 2024
- Founders Ranu Vohra, Kaushal Aggarwal, Gaurav Deepak
- Stage Minicorn
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Avendus Capital Private Limited
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$49.96 M (USD)72.39as on Mar 31, 2018
-
Net Profit
$7.08 M (USD)659.83as on Mar 31, 2018
-
EBITDA
$7.11 M (USD)2927.47as on Mar 31, 2018
-
Total Equity Funding
$178.14 M (USD)
in 5 rounds
-
Latest Funding Round
$2.6 M (USD), Series D
Jul 24, 2018
-
Investors
KKR
& 12 more
-
Employee Count
207
as on Mar 28, 2024
-
Investments & Acquisitions
Ocean Dial
& 1 more
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Avendus
Avendus offers a comprehensive portfolio of products and services, including Asset Management, Credit Solutions, Investment Banking, Institutional Equities, and Wealth Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Focused funds are managed for steady investment returns.
Innovative capital solutions are customized for client needs.
High-quality advisory services are provided for M&A deals.
Investment opportunities in India are facilitated for institutions.
Bespoke solutions are crafted for wealth growth protection.
Unlock access to complete
Unlock access to complete
Leadership Team
7 people
Software Development Team
3 people
Human Resources and Administration
1 people
Unlock access to complete
Funding Insights of Avendus
Avendus has successfully raised a total of $178.14M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $2.6 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $2.6M
-
First Round
First Round
(23 Jun 2006)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Series D - Avendus | Valuation | Zarksis Gotla | |
| Nov, 2017 | Amount | Series D - Avendus | Valuation | Gaja Capital | |
| Jul, 2008 | Amount | Series B - Avendus | Valuation | Eastgate Group |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avendus
Avendus has secured backing from 13 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include KKR, Mizuho Financial Group and Gaja Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment firm partnering with entrepreneurs in India's domestic economy.
|
Founded Year | Domain | Location | |
|
Family investments are managed by this single family office.
|
Founded Year | Domain | Location | |
|
Multiple sectors are invested in by this private equity firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Avendus
Avendus has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ocean Dial and Zodius. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
VC firm investing in India
|
2011 | ||||
|
Diversified investment management services are provided globally.
|
2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Avendus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avendus Comparisons
Competitors of Avendus
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Avendus
Frequently Asked Questions about Avendus
When was Avendus founded?
Avendus was founded in 1999 and raised its 1st funding round 7 years after it was founded.
Where is Avendus located?
Avendus is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Avendus?
Ranu Vohra is the current CEO of Avendus. They have also founded this company.
Is Avendus a funded company?
Avendus is a funded company, having raised a total of $178.14M across 5 funding rounds to date. The company's 1st funding round was a Series B of $23.31M, raised on Jun 23, 2006.
How many employees does Avendus have?
As of Mar 28, 2024, the latest employee count at Avendus is 207.
What is the annual revenue of Avendus?
Annual revenue of Avendus is $49.96M as on Mar 31, 2018.
What does Avendus do?
Avendus is established as a prominent financial services provider focused on high-performing entrepreneurs and pioneers of the new-age economy in India. Customized solutions are offered across asset management, credit solutions, investment banking, institutional equities, and wealth management. The firm operates in various sectors, delivering innovative capital solutions, high-quality advisory for mergers and acquisitions, and bespoke wealth protection strategies. Operations are supported by a global presence with offices in multiple countries, catering to institutional investors and ultra-high-net-worth individuals.
What products or services does Avendus offer?
Avendus offers Asset Management, Credit Solutions, Investment Banking, Institutional Equities, and Wealth Management.
How many acquisitions has Avendus made?
Avendus has made 2 acquisitions, including Ocean Dial, and Zodius.
Who are Avendus's investors?
Avendus has 13 investors. Key investors include KKR, Mizuho Financial Group, Gaja Capital, Zarksis Gotla, and Damavand Capital.
What is Avendus's valuation?
The valuation of Avendus is $18.45M as of Mar 2008.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.