Aashish Bhinde has been heading the digital and technology division at AvendusAashish Bhinde, the rainmaker credited with making Avendus Capital the go-to investment bank for Indian consumer Internet start-ups, has decided to quit the firm and take a sabbatical from investment banking. Also read: Aashish Bhinde, the invisible rainmakerThe Times of India was the first to report about Bhinde’s departure on Wednesday. In July 2015, The Times of India reported Bhinde took home a little less than $2 million in total remuneration. Prior to joining Avendus, Bhinde headed the India office of VIEW Group, a Boston-based private equity fund. Goldman Sachs forecasts that the e-commerce market would grow to $68.8 billion by the year 2020.

Source: Mint October 19, 2016 15:45 UTC