# Avigo Capital Partners

Avigo Capital Partners is an Asset Manager based in New Delhi, India.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New Delhi, India
- **Region:** Asia
- **Address:** New Delhi, India
- **Founded:** 2004
- **Assets under management:** $300M – $600M (Altss estimate)
- **Website:** avigocapital.com

## Regulatory record

- **Reports private funds:** No

## About

Avigo Capital is a New Delhi-based private equity fund focused on mid-market companies. It has made 6 investments, including a Series B - II investment in Locix on January 14, 2020.

## Sectors

- Enterprise Software
- Financial Services
- Consumer
- Healthcare Services
- Business Services

## Offices

- Mumbai, India
- Bangalore, India

## People

- Amit Ratanpal — Founder & Managing Director
- Shiv Narain Gupta — Senior Managing Director
- Bharat Bakhshi — Managing Director
- Neeraj Bhargava — Senior Director

## Questions

### Who makes the final investment decisions at Avigo?

Investment decisions have historically been led by founder and managing director Amit Ratanpal, with oversight from an investment committee that includes senior managing director Shiv Narain Gupta and managing director Bharat Bakhshi. The firm operated with a flat partnership structure typical of a mid-market private equity manager; all significant commitments required committee consensus.

### How does Avigo relate to the broader Indian private equity landscape?

Avigo belongs to a cohort of 2004–2008 vintage India-focused growth funds — alongside firms like ICICI Venture, ChrysCapital, and Ascent Capital — that targeted the massive opportunity in formalizing India's mid-sized family enterprises. Unlike peers that eventually launched large-cap infrastructure or credit vehicles, Avigo maintained a narrow SME mandate and a relatively compact fund size, which made it a distinctive but ultimately smaller player in an industry that increasingly rewarded scale.

## Related profiles

- [Bpifrance Investissement](https://altss.com/profile/bpifrance-investissement)
- [Aviva Investors Multi-Manager](https://altss.com/profile/aviva-investors-multi-manager)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/avigo-capital-partners

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