Avendus Capital Advises Onsitego on Its Fund Raise From Ifc, in an Extension to Its Series B Round to Usd 30 MN

We are extremely excited to bring IFC on our cap table, which is well aligned with our DNA of providing best-in-class service to our customers. IFC brings in a strong global footprint and expertise of investments in Fintech which is valuable as we scale our business by expanding new business lines like AMCs, home warranty, doorstep repair services, new distribution channels and in other emerging markets.

India is one of the largest and fastest growing appliances and consumer electronics (ACE) markets globally, and the ACE protection market is significantly underdeveloped. There is a clear market need for innovative and customer-service-focused players like Onsitego to drive growth in this market.” He further added, “We look forward to supporting Onsitego in its growth journey by sharing our experience from emerging markets in disruptive technology and Fintech.

Built on the back of phenomenal execution in a highly capital efficient manner, Onsitego is disrupting the post-purchase experience of customers, brands, retailers and consumer finance companies alike. IFC’s investment in the Company will further support product and distribution expansion. We are proud to partner with Kunal in this journey.