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
*********
- 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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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $6.0M
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First Round
First Round
(07 Feb 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Ascend Capital | Valuation | Info Edge Ventures , Asha |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm backed by Info Edge and Temasek
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Founded Year | Domain | Location | |
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Venture capital fund investment in series-A startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ascend Capital
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ascend Capital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascend Capital Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Collateral-free loans are provided to MSMEs for business operations.
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| domain | founded_year | HQ Location |
Loans for consumers and SMEs are provided alongside financial services.
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| domain | founded_year | HQ Location |
SME loans are provided to businesses in India.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ascend Capital
Frequently Asked Questions about Ascend Capital
When was Ascend Capital founded?
Ascend Capital was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Where is Ascend Capital located?
Ascend Capital is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Who is the current CEO of Ascend Capital?
Lokesh Chandra is the current CEO of Ascend Capital. They have also founded this company.
Is Ascend Capital a funded company?
Ascend Capital is a funded company, having raised a total of $6.02M across 1 funding round to date. The company's 1st funding round was a Series A of $6.02M, raised on Feb 07, 2024.
How many employees does Ascend Capital have?
As of Mar 30, 2024, the latest employee count at Ascend Capital is 134.
What is the annual revenue of Ascend Capital?
Annual revenue of Ascend Capital is $835.09K as on Mar 31, 2023.
What does Ascend Capital do?
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.
Who are the top competitors of Ascend Capital?
Ascend Capital's top competitors include L & T Finance Holdings, IIFL Finance and Perfios.
Who are Ascend Capital's investors?
Ascend Capital has 2 investors. Key investors include Info Edge Ventures, and Asha.
What is Ascend Capital's valuation?
The valuation of Ascend Capital is $12.01M as of Feb 2024.
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