About Ascenso
Ascenso is a company based in Mumbai (India) founded in 2001. Ascenso has raised $65.79 million across 3 funding rounds from investors including Nykaa, International Finance Corporation and Sri Investments. The company has 340 employees as of April 01, 2024. Ascenso has completed 1 acquisition, including Tyres International. Ascenso offers products and services including Agricultural Tyres, Industrial Tyres, and Earth Mover Tyres. Ascenso operates in a competitive market with competitors including Titan International, Alliance Tire Group, Fishfa Rubbers, Magna Tyres and MAXAM Tire, among others.
- Headquarter Mumbai, India
- Employees 340 as on 01 Apr, 2024
- Stage Minicorn
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Mahansaria Tyres Private Limited
- Date of Incorporation 10 Sep, 2014
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$121.1 M (USD)12786322.3as on Mar 31, 2023
-
Net Profit
-$1.25 M (USD)-8324890.37as on Mar 31, 2023
-
EBITDA
$10.1 M (USD)23887266.39as on Mar 31, 2023
-
Total Equity Funding
$65.79 M (USD)
in 3 rounds
-
Latest Funding Round
$14.86 M (USD), Series C
Feb 08, 2022
-
Investors
Nykaa
& 17 more
-
Employee Count
340
as on Apr 01, 2024
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Ascenso
Ascenso offers a comprehensive portfolio of products and services, including Agricultural Tyres, Industrial Tyres, and Earth Mover Tyres.
Tyres designed for farming and agricultural vehicles
Tyres for industrial and construction machinery use
Tyres suited for heavy earth moving equipment
People of Ascenso
Unlock access to complete
Funding Insights of Ascenso
Ascenso has successfully raised a total of $65.79M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $14.86 million completed in February 2022. 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 3
- Last Round Series C — $14.9M
-
First Round
First Round
(20 Dec 2019)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series C - Ascenso | Valuation | Yogesh Agencies & Investment | |
| Jun, 2021 | Amount | Series B - Ascenso | Valuation | Yogesh Agencies & Investment | |
| Dec, 2019 | Amount | Series A - Ascenso | Valuation | Yogesh Agencies & Investment |
Investors in Ascenso
Ascenso has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Nykaa, International Finance Corporation and Sri Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Family investments are managed by this single family office.
|
Founded Year | Domain | Location | |
|
IFC is focused on private sector development in emerging markets.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
Investments & Acquisitions by Ascenso
Ascenso has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tyres International.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Tyre repair services are provided in the United States.
|
1970 |
Financial Statements - Ascenso
Ascenso Comparisons
Competitors of Ascenso
Ascenso 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 Titan International, Alliance Tire Group, Fishfa Rubbers, Magna Tyres and MAXAM Tire, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer and supplier of tires and wheels to OEMs and aftermarket
|
|
| domain | founded_year | HQ Location |
Tyres for off-highway and commercial vehicles are manufactured globally.
|
|
| domain | founded_year | HQ Location |
Produces reclaim rubber from waste tires and tubes for manufacturing industries.
|
|
| domain | founded_year | HQ Location |
Manufactures OTR and industrial tyres for mining, construction, and agriculture worldwide.
|
|
| domain | founded_year | HQ Location |
Manufactures and supplies high-quality tires to various industries.
|
Frequently Asked Questions about Ascenso
Ascenso was founded in 2001 and raised its 1st funding round 18 years after it was founded.
Ascenso is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ascenso is a funded company, having raised a total of $65.79M across 3 funding rounds to date. The company's 1st funding round was a Series A of $32.33M, raised on Dec 20, 2019.
As of Apr 01, 2024, the latest employee count at Ascenso is 340.
Annual revenue of Ascenso is $121.1M as on Mar 31, 2023.
Ascenso was founded in 2001 in Mumbai, India, as a manufacturer in the tyre industry. A wide range of tyres is produced for various off-highway applications, with customization options provided to meet specific customer needs. Operations focus on expanding into global markets within the off-highway tyre sector, supported by key personnel such as the Director of Operations.
Ascenso's top competitors include Titan International, Alliance Tire Group and Fishfa Rubbers.
Ascenso offers Agricultural Tyres, Industrial Tyres, and Earth Mover Tyres.
Ascenso has made 1 acquisition, including Tyres International.
Ascenso has 18 investors. Key investors include Nykaa, International Finance Corporation, Sri Investments, Yogesh Agencies & Investment, and Cubs Family Private Trust.
The valuation of Ascenso is $265.35M as of Feb 2022.