About Aspire
Aspire is a company based in Bengaluru (India) founded in 2020 by Manoj Rathi and Tushar Garimalla. It operates as a FinTech. Aspire has raised $3.72 million across 3 funding rounds from investors including Angel List, NextBillion AI and LetsVenture. The company has 12 employees as of April 07, 2024. Aspire offers products and services including Line of Credit. Aspire operates in a competitive market with competitors including axio, Simpl, ZestMoney, PayJoy and Lazypay, among others.
- Headquarter Bengaluru, India
- Employees 12 as on 07 Apr, 2024
- Founders Manoj Rathi, Tushar Garimalla
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aspire Fintech Private Limited
- Date of Incorporation 13 Jul, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$126.33 K (USD)272.46as on Mar 31, 2023
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Net Profit
$-836.75 K (USD)-120.29as on Mar 31, 2023
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EBITDA
$-871.97 K (USD)-191.06as on Mar 31, 2023
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Total Equity Funding
$3.72 M (USD)
in 3 rounds
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Latest Funding Round
$2.9 M (USD), Seed
Sep 02, 2022
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Investors
Angel List
& 30 more
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Employee Count
12
as on Apr 07, 2024
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Products & Services of Aspire
Aspire offers a comprehensive portfolio of products and services, including Line of Credit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A credit line up to ₹10 lakh is offered.
Funding Insights of Aspire
Aspire has successfully raised a total of $3.72M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.9 million completed in September 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 Seed — $2.9M
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First Round
First Round
(16 Jan 2021)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Aspire | Valuation | Orios Venture Partners , Eximius Ventures | |
| Sep, 2021 | Amount | Seed - Aspire | Valuation | Picus Capital |
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| Jan, 2021 | Amount | Angel Round - Aspire | Valuation | Amit Kumar Singh , Amit Kumar Singh |
| 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 Aspire
Aspire has secured backing from 31 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, NextBillion AI and LetsVenture. 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 focused on early-stage investments
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Founded Year | Domain | Location | |
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Venture capital firm focused on early stage healthcare, renewable energy, real estate, finance, and multiple businesses
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Founded Year | Domain | Location | |
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Pre-seed startups are invested in by Eximius Ventures.
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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 Aspire
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Aspire
| 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 |
Aspire Comparisons
Competitors of Aspire
Aspire 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 axio, Simpl, ZestMoney, PayJoy and Lazypay, 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 |
An online lending platform for point-of-sale financing is provided.
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| domain | founded_year | HQ Location |
An online platform for purchase financing is provided by Simpl.
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| domain | founded_year | HQ Location |
Online platform offering point-of-sale financing
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| domain | founded_year | HQ Location |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
Provider of digital payment solutions, including deferred payment and personal loans
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| domain | founded_year | HQ Location |
No-credit-card EMI solutions for online purchases are provided.
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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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Frequently Asked Questions about Aspire
When was Aspire founded?
Aspire was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Aspire located?
Aspire is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Aspire a funded company?
Aspire is a funded company, having raised a total of $3.72M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $360.63K, raised on Jan 16, 2021.
How many employees does Aspire have?
As of Apr 07, 2024, the latest employee count at Aspire is 12.
What is the annual revenue of Aspire?
Annual revenue of Aspire is $126.33K as on Mar 31, 2023.
What does Aspire do?
Financial solutions for business growth are offered by Aspire. Support is extended to entrepreneurs seeking to expand operations. Key areas like capital management and process optimization are addressed. Financing options up to 10 lakh are made available. A focus on sustainable development through strategic investments is emphasized. Digital registration and minimal documentation are facilitated for ease. Market trends and investment opportunities are analyzed for clients.
What products or services does Aspire offer?
Aspire offers Line of Credit.
Who are Aspire's investors?
Aspire has 31 investors. Key investors include Angel List, NextBillion AI, LetsVenture, Orios Venture Partners, and Upsparks Capital.
What is Aspire's valuation?
The valuation of Aspire is $15.15M as of Sep 2022.