Avendus Capital Advises Onsitego on Its Series B Fundraise From Zodius and Accel Partners

We have been growing consistently at a high rate and will continue to maintain growth momentum with the launch of new products, partnerships and business lines. Customer satisfaction and loyalty depends on post-purchase services offered by any company, whether it is a retailer or a brand. It is our mission to provide best-in-class services, and we will continue to focus on creating delight for the end customer. A large part of the new investment will go towards scaling our capabilities in home appliances, expanding distribution in general trade and developing capabilities for AMCs and on-demand services to cover all customer segments.” Kunal also added, “The role of Investment Banking team at Avendus in the Onsitego journey goes beyond just this transaction. They have made valuable inputs in helping us define our strategy as well. I think of them as an extended team of Onsitego. The ownership that has been displayed by them is second to none. As an entrepreneur, I couldn't have asked for a better set of people to advise me.

Onsitego is a great example of a fundamentally strong business built in a highly capital efficient manner backed by superior execution. Onsitego is transforming the customer’s ownership experience of devices and appliances by leveraging its proprietary technology platform, direct integrations with distribution and service partners and razor-sharp focus on customer service. The organization is well positioned to create an impact in India and globally.