About Ascend Capital
Ascend Capital is a Financial Services company based in Jaipur (India) founded in 2018 by Gaurav Maheshwari and Lokesh Chandra. Ascend Capital has raised $6.48 million across 2 funding rounds from investors including Info Edge Ventures and Asha. The company has 329 employees. Ascend Capital was last valued at $12.01 million in February 2024. Its chief executive, as recorded, is Lokesh Chandra. Its Indian entity Ascend Bizcap Private Limited reported revenue of ₹50.29 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include IIFL Finance, L & T Finance Holdings and Perfios; 1 of its 3 listed competitors has raised funding.
Company details
Provider of financing solutions for electric vehicles. It provides users with a company that offers financial products for individuals, fleet operators, and businesses who are looking to purchase electric vehicles. It also offers competitive interest rates, flexible repayment options, and quick approval processes.
- Headquarters Jaipur, India
- Employees 329
- Founders Gaurav Maheshwari, Lokesh Chandra
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website ascendcap.in
- Social LinkedIn X Facebook
- Legal Name Ascend Bizcap Private Limited
- Date of Incorporation 29 Aug, 2018
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹50.29 Cr
FY 2026 · +131% YoY
- Net Profit₹10.02 Cr
FY 2026 · 20% margin
- EBITDA₹30.50 Cr
FY 2026 · 62% margin
- Total Equity Funding$6.48M (USD)
in 2 rounds
- Latest Funding Round$6.02M (USD), Series A
Feb 2024
- InvestorsInfo Edge Ventures
& 1 more
- Employee Count329
Associated legal entities of Ascend Capital
Ascend Capital operates through Ascend Bizcap Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ascend Bizcap Private Limited CIN U65999RJ2018PTC062101 | Active | 29 Aug 2018 | Jaipur, Rajasthan | ₹50.3 Cr | 134 | 3 | View details |
Funding Insights of Ascend Capital
Ascend Capital has successfully raised a total of $6.48M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.02 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.48M
- Total Rounds 2
- Last Round Series A — $6.02M
- First Round $455,270
(Jun 2021)
- Investors Count 2
All 2 funding rounds of Ascend Capital with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $6.02M | Series A | $12.01M | Info Edge Ventures, Asha | – |
| Jun 2021 | $455,270 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $12.01M | •••••••• |
Last known valuation $12.01M (Feb 2024). 2 investors in total: 2 institutional.
Investors in Ascend Capital
Ascend Capital has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Info Edge Ventures and Asha.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm backed by Info Edge and Temasek | infoedgeventures.in | Noida, India | ||
Venture capital fund investment in series-A startups | ashaventures.in | Mumbai, India |
Investor details for Ascend Capital
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Ascend Bizcap Private Limited (Ascend Capital)
Ascend Bizcap Private Limited is the primary company behind Ascend Capital. The board of Ascend Bizcap Private Limited currently have 2 directors; the longest-serving is Lokesh Chandra, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lokesh Chandra DIN 08120588 | Director | 29 Aug 2018 | 8 yrs 2 mo | Ascend Bizcap Private Limited |
| Gaurav Maheshwari DIN 08120566 | Director | 29 Aug 2018 | 8 yrs 2 mo | Ascend Bizcap Private Limited |
People of Ascend Capital
9 people are tracked at Ascend Capital (2 in leadership, 7 in team); the tracked headcount is 329.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Ruchika Kumar | Manager | Team |
Mukesh Singh | Operations Manager | Team |
Divyanshi S. | Product Manager - Operations | Team |
Amit Sharma | Associate Product Manager | Team |
Kuldeep Yadav | Full-stack Developer | Team |
Sanjay Soni | Data Analyst | Team |
Shailendra Kharra | Full Stack Engineer | Team |
Complete people profiles for Ascend Capital
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Ascend Capital
Figures of Ascend Bizcap Private Limited, the primary company behind Ascend Capital, for FY 2026. Revenue was ₹50.29 Cr (+131% year on year). Net profit was ₹10.02 Cr (20% margin). EBITDA was ₹30.50 Cr (62% margin). Revenue has grown at a compounded annual rate of +93% over three years and +117% over five years.
- ₹50.29 CrRevenue · FY 2026 · +131% YoY
- ₹10.02 CrNet profit · 20% margin
- ₹30.50 CrEBITDA · 62% margin
- ₹10.91 CrPaid-up capital
- 134Employees (provident fund records)
- +93%Revenue CAGR, 3 years
- +117%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ascend Bizcap Private Limited are on its company page.
Detailed financial statements for Ascend Capital
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ascend Capital
4 dated milestones of Ascend Capital across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Ascend Capital is founded.
- Funding First funding round of $455K.
- Funding Latest funding round, Series A, of $6.0M.
- Milestone Reaches Minicorn status.
Competitors of Ascend Capital
Ascend Capital has 3 listed competitors in our database, 1 of them funded. They include IIFL Finance, L & T Finance Holdings and Perfios.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. | ||
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| perfios.com | 2008 | Bengaluru, India | $258.77M | Provides financial technology solutions for data analysis and verification globally. |
Detailed competitors of Ascend Capital
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Ascend Capital
The website of Ascend Capital (ascendcap.in) receives about 2.3K visits a month.
- Monthly visits2.3K
▼ 1.3% vs previous month
Websites whose visitors overlap most with Ascend Capital. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| 121finance.com | 100% | 1.4K | #10,993,189 | View details | |
| lifc.co.in | 90% | 11.9K | #1,905,336 | View details | |
| finova.in | 85% | 5K | #3,448,537 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as Ascend Capital (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Ascend Capital
Complete news archive for Ascend Capital
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Frequently Asked Questions about Ascend Capital
Ascend Capital was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Ascend Capital is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Lokesh Chandra is the CEO of Ascend Capital, as recorded in our data. They have also founded this company.
Ascend Capital is a funded company, having raised a total of $6.48M across 2 funding rounds to date. The company's 1st funding round was a Seed of $455.27K, raised on Jun 2021.
Ascend Capital has 329 employees.
The primary company behind Ascend Capital, Ascend Bizcap Private Limited, reported revenue of ₹50.29 Cr for FY 2026, up 131% year on year.
Provider of financing solutions for electric vehicles. It provides users with a company that offers financial products for individuals, fleet operators, and businesses who are looking to purchase electric vehicles. It also offers competitive interest rates, flexible repayment options, and quick approval processes.
Ascend Capital's top competitors include L & T Finance Holdings, IIFL Finance and Perfios.
Ascend Capital has 2 investors. Key investors include Info Edge Ventures, and Asha.
The valuation of Ascend Capital is $12.01M as of Feb 2024.
Ascend Capital operates through Ascend Bizcap Private Limited.
The legal entities of Ascend Capital currently have 3 directors, including Lokesh Chandra, Gaurav Maheshwari, Damini Singh.