Avendus: Three IITians, Two Decades, One Homegrown Financial Powerhouse

As India’s startup and private equity ecosystem expanded through the 2000s and 2010s, Avendus steadily became a trusted intermediary, known for sector depth, founder empathy, and execution discipline

In an ecosystem where Indian finance has often been dominated by foreign banks and legacy institutions, Avendus Capital stands out as a rare, homegrown success story, built patiently, scaled thoughtfully, and ultimately acquired at scale.

Founded in 1999 by three IIT alumni, Ranu Vohra, Kaushal Aggarwal, and Gaurav Deepak, Avendus was conceived at a time…