About Ascend Capital
Ascend Capital is a company based in Jaipur (India) founded in 2018 by Gaurav Maheshwari and Lokesh Chandra. Ascend Capital has raised $6.02 million across 1 funding round from investors including Info Edge Ventures and Asha. The company has 134 employees as of March 30, 2024. Ascend Capital operates in a competitive market with competitors including IIFL Finance, L & T Finance Holdings, Perfios, Kinara Capital and Dvara KGFS, among others.
- Headquarter Jaipur, India
- Employees 134 as on 30 Mar, 2024
- Founders Gaurav Maheshwari, Lokesh Chandra
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Ascend Bizcap Private Limited
- Date of Incorporation 29 Aug, 2018
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$835.09 K (USD)186.15as on Mar 31, 2023
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Net Profit
$18.71 K (USD)1027.39as on Mar 31, 2023
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EBITDA
$384.87 K (USD)502.58as on Mar 31, 2023
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Total Equity Funding
$6.02 M (USD)
in 1 rounds
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Latest Funding Round
$6.02 M (USD), Series A
Feb 07, 2024
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Investors
Info Edge Ventures
& 1 more
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Employee Count
134
as on Mar 30, 2024
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People of Ascend Capital
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Funding Insights of Ascend Capital
Ascend Capital has successfully raised a total of $6.02M through 1 strategic funding round. 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.
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.
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Venture capital firm backed by Info Edge and Temasek
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Venture capital fund investment in series-A startups
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Investor details for Ascend Capital
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Investments & Acquisitions by Ascend Capital
Investment portfolio details for Ascend Capital
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Financial Statements - Ascend Capital
Detailed financials for Ascend Capital
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Ascend Capital Comparisons
Peer comparison for Ascend Capital
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Competitors of Ascend Capital
Ascend Capital operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IIFL Finance, L & T Finance Holdings, Perfios, Kinara Capital and Dvara KGFS, among others.
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Online gold, home, personal, and business loans are provided.
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Diversified lending services are provided as a non-banking financial institution.
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Provides financial technology solutions for data analysis and verification globally.
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Collateral-free loans are provided to MSMEs for business operations.
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Loans for consumers and SMEs are provided alongside financial services.
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SME loans are provided to businesses in India.
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Detailed competitors of Ascend Capital
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Latest news on 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 6 years after it was founded.
Ascend Capital is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Lokesh Chandra is the current CEO of Ascend Capital. They have also founded this company.
Ascend Capital is a funded company, having raised a total of $6.02M across 1 funding round to date.
As of Mar 30, 2024, the latest employee count at Ascend Capital is 134.
Annual revenue of Ascend Capital is $835.09K as on Mar 31, 2023.
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.