About Aspire
Aspire is a Financial Services company based in Bengaluru (India) founded in 2020 by Manoj Rathi and Tushar Garimalla. Short-term business lines of credit are provided to entrepreneurs. It operates on a FinTech model. Aspire has raised $3.72 million across 3 funding rounds from investors including Angel List, NextBillion AI and LetsVenture. The company has 12 employees. Aspire was last valued at $15.15 million in September 2022. Its website letsaspire.in draws about 20 thousand monthly visits. Its Indian entity Aspire Fintech Private Limited reported revenue of ₹99.6 Lakh. Aspire offers products and services including Line of Credit. Its focus areas include FinTech and Lending Platforms. Its competitors include axio, Simpl and ZestMoney; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 12
- Founders Manoj Rathi, Tushar Garimalla
- Stage Minicorn
- SectorsFinancial Services
- Website letsaspire.in
- Social LinkedIn YouTube
- Legal Name Aspire Fintech Private Limited
- Date of Incorporation 13 Jul, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹99.6 Lakh
FY 2025 · +15% YoY
- Net Loss-₹4.80 Cr
FY 2025 · -482% margin
- EBITDA-₹4.72 Cr
FY 2025 · -474% margin
- Total Equity Funding$3.72M (USD)
in 3 rounds
- Latest Funding Round$2.9M (USD), Seed
Sep 2022
- InvestorsAngel List
& 30 more
- Employee Count12
Associated legal entities of Aspire
Aspire operates through Aspire Fintech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aspire Fintech Private Limited CIN U72900KA2020PTC135893 | Active | 13 Jul 2020 | Bangalore, Karnataka | ₹1.0 Cr | 12 | 2 | View details |
Products & Services of Aspire
Aspire offers a comprehensive portfolio of products and services, including Line of Credit.
A credit line up to ₹10 lakh is offered.
Apps and channels of Aspire
its YouTube channel Aspire Business Loans has 779 subscribers.
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 $3.72M
- Total Rounds 3
- Last Round Seed — $2.9M
- First Round $360,629
(Jan 2021)
- Investors Count 31
All 3 funding rounds of Aspire 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 |
|---|---|---|---|---|---|
| Sep 2022 | $2.9M | Seed | $15.15M | Orios Venture Partners, Eximius Ventures | |
| Sep 2021 | $455,386 | Seed | $9.1M | Picus Capital | – |
| Jan 2021 | $360,629 | Angel Round | $••••• | Amit Kumar Singh, Amit Kumar Singh |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $15.15M | •••••••• |
| Sep 2021 | $9.1M | •••••••• |
| Jan 2021 | $••••• | •••••••• |
Full valuation and stage history of Aspire
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $15.15M (Sep 2022). 31 investors in total: 9 institutional and 22 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage investments | 2013 | oriosvp.com | Mumbai, India | |
Venture capital firm focused on early stage healthcare, renewable energy, real estate, finance, and multiple businesses | picuscap.com | Munich, Germany | ||
Pre-seed startups are invested in by Eximius Ventures. | eximiusvc.com | Gurugram, India | ||
Micro venture capital fund focused on tech startups | 2020 | upsparks.vc | Bengaluru, India | |
Venture capital funding is provided to Indian startups. | capital-a.in | Bengaluru, India | ||
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Provider of an AI-powered mapping platform | 2020 | nextbillion.ai | Singapore, Singapore | |
AK Arun Kumar Chaturvedi | unknown_df8628fcbf4a45f1b | |||
AK Amit Kumar Singh | Angel investor, ex-entrepreneur, focused on Indian startups in tech and consumer sectors. | unknown_1e3886fe86f648a3a |
Investor details for Aspire
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Aspire Fintech Private Limited (Aspire)
Aspire Fintech Private Limited is the primary company behind Aspire. The board of Aspire Fintech Private Limited currently have 2 directors; the longest-serving is Manoj Kumar Rathi, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manoj Kumar Rathi DIN 08791429 | Director | 13 Jul 2020 | 6 yrs 4 mo | Aspire Fintech Private Limited |
| Tushar Viswanath Garimalla DIN 08791430 | Director | 13 Jul 2020 | 6 yrs 4 mo | Aspire Fintech Private Limited |
People of Aspire
2 people are tracked at Aspire (2 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Aspire
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Aspire
Figures of Aspire Fintech Private Limited, the primary company behind Aspire, for FY 2025. Revenue was ₹99.6 Lakh (+15% year on year). Net loss was -₹4.80 Cr (-482% margin). EBITDA was -₹4.72 Cr (-474% margin). Revenue has grown at a compounded annual rate of +52% over three years.
- ₹99.6 LakhRevenue · FY 2025 · +15% YoY
- -₹4.80 CrNet loss · -482% margin
- -₹4.72 CrEBITDA · -474% margin
- ₹6 LakhPaid-up capital
- 12Employees (provident fund records)
- +52%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Aspire Fintech Private Limited are on its company page.
Detailed financial statements for Aspire
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Aspire
4 dated milestones of Aspire across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Aspire is founded.
- Funding First funding round of $361K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.9M.
Competitors of Aspire
Aspire has 3 listed competitors in our database, 3 of them funded. They include axio, Simpl and ZestMoney.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| axio.co.in | 2013 | Bengaluru, India | $205.92M | 499 | An online lending platform for point-of-sale financing is provided. | |
| getsimpl.com | 2015 | Bengaluru, India | $47.47M | 144 | An online platform for purchase financing is provided by Simpl. | |
| zestmoney.in | 2015 | Delhi, India | $151.12M | 21 | Online platform offering point-of-sale financing |
Detailed competitors of Aspire
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 Aspire
The website of Aspire (letsaspire.in) receives about 19.7K visits a month.
- Monthly visits19.7K
▲ 109.4% vs previous month
Websites whose visitors overlap most with Aspire. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| aspireinnovate.in | 100% | 13.7K | #1,996,984 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as Aspire (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 185.7 M | 2,787 |
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Frequently Asked Questions about Aspire
Aspire was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Aspire is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
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 2021.
Aspire has 12 employees.
The primary company behind Aspire, Aspire Fintech Private Limited, reported revenue of ₹99.6 Lakh for FY 2025, up 15% year on year.
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.
Aspire offers Line of Credit.
Aspire has 31 investors. Key investors include Angel List, NextBillion AI, LetsVenture, Orios Venture Partners, and Upsparks Capital.
The valuation of Aspire is $15.15M as of Sep 2022.
Aspire operates through Aspire Fintech Private Limited.
The legal entities of Aspire currently have 2 directors, including Manoj Kumar Rathi, Tushar Viswanath Garimalla.