Ascent Capital

Ascent Capital Advisors is a private equity and venture capital firm based in Bangalore, India, specializing in growth capital and middle market investments across various sectors. Founded in 2008, the firm has a diverse investment focus that includes logistics, education, technology, healthcare, consumer goods, and financial services, among others. Ascent Capital targets investments ranging from $1 million to $30 million, typically acquiring minority or controlling stakes in portfolio companies without seeking operational control. The firm aims for exits through public listings or other means, generally holding investments for four to six years. With a team that boasts over 150 years of collective experience in Indian capital markets, Ascent Capital has supported numerous entrepreneurial teams in building successful businesses across the country.

Deepak Gowda

Partner

Devesh Kabra

Assistant Vice President

Deepak Komaregowda

Partner

Raja Kumar

Founder and Managing Partner

A. P. Vasantha Kumar

Partner

Gautam Singhi

Senior Associate

Varun Subramanian

Senior Associate

Gavesh Yerasani

Assistant Vice President

Vasanthakumar A. P.

Partner

A. Murugappan

Partner

37 past transactions

EnKash

Series B in 2022
EnKash is a rapidly growing credit card company in India that specializes in corporate spend management. By partnering with banks, EnKash provides essential purchase card acceptance infrastructure tailored for large enterprises, optimizing costs across various business payments, including supplier transactions, utilities, taxes, and fuel. It has also pioneered the corporate credit card market by introducing the EnKash Freedom Card, specifically designed for small and medium-sized enterprises (SMEs) and startups, addressing the needs of a historically underserved sector. The company's platform facilitates seamless integration, processing, settlement, and reconciliation of corporate credit cards, enabling businesses to gain real-time control and visibility over their spending. This comprehensive solution allows users to manage purchase orders, invoices, and supplier payments efficiently.

Haber

Series B in 2021
Developer of an automation platform intended to help industries become sustainable by converting data into insights. The company's platform integrates data collected through sensors across the plant and controls mechanical, operational, and chemical parameters, enabling clients to reduce operational costs and improve business efficiencies.

MyGlamm

Series D in 2021
MyGlamm is an on-demand beauty services startup. MyGlamm is a marketplace for stylists / beauticians / nail and spa aestheticians to provide on demand hair, beauty, nail & spa services at a consumer's doorstep. Get Glammorous - Anyplace. Anytime" is the mantra on which MyGlamm has been founded. MyGlamm has been launched by the Glamm Team that has brought to India the French L'OCCITANE Spas, the New York based Warren Tricomi Salons and the fashionable ELLE Spas & Salons. Team MyGlamm is an eclectic mix of; operations + technology | education + domain expertise | youth + experience. Comprising IITians, MBAs from Kellogg, ESADE and industry experience with Lakme, Quikr, BBlunt, Rediff, Jean Claude Biguine, CapGemini and a lot more, Team MyGLamm has set out to revolutionize the beauty industry in India, with technology as an enabler.

MyGlamm

Series C in 2021
MyGlamm is an on-demand beauty services startup. MyGlamm is a marketplace for stylists / beauticians / nail and spa aestheticians to provide on demand hair, beauty, nail & spa services at a consumer's doorstep. Get Glammorous - Anyplace. Anytime" is the mantra on which MyGlamm has been founded. MyGlamm has been launched by the Glamm Team that has brought to India the French L'OCCITANE Spas, the New York based Warren Tricomi Salons and the fashionable ELLE Spas & Salons. Team MyGlamm is an eclectic mix of; operations + technology | education + domain expertise | youth + experience. Comprising IITians, MBAs from Kellogg, ESADE and industry experience with Lakme, Quikr, BBlunt, Rediff, Jean Claude Biguine, CapGemini and a lot more, Team MyGLamm has set out to revolutionize the beauty industry in India, with technology as an enabler.

CRMNEXT

Series B in 2021
CRMNEXT is a leading enterprise CRM solution provider credited with the world's largest installations in financial sector. From Fortune 500 to start-ups, businesses across nine verticals have built profitable customer relationships via CRMNEXT. A pioneer of Digital CRM for some of the largest enterprises across Asia-Pacific, CRMNEXT’s customers include global brands like Pfizer, State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Tata AIA, Reliance, Banco de Oro Philippines, National Bank of Oman, Pavers England etc. It is in Gartner Magic Quadrant for Lead management, Sales Force Automation and Customer Engagement. For more information, visit us at www.crmnext.com

MyGlamm

Series C in 2021
MyGlamm is an on-demand beauty services startup. MyGlamm is a marketplace for stylists / beauticians / nail and spa aestheticians to provide on demand hair, beauty, nail & spa services at a consumer's doorstep. Get Glammorous - Anyplace. Anytime" is the mantra on which MyGlamm has been founded. MyGlamm has been launched by the Glamm Team that has brought to India the French L'OCCITANE Spas, the New York based Warren Tricomi Salons and the fashionable ELLE Spas & Salons. Team MyGlamm is an eclectic mix of; operations + technology | education + domain expertise | youth + experience. Comprising IITians, MBAs from Kellogg, ESADE and industry experience with Lakme, Quikr, BBlunt, Rediff, Jean Claude Biguine, CapGemini and a lot more, Team MyGLamm has set out to revolutionize the beauty industry in India, with technology as an enabler.

FreshToHome

Series C in 2020
Freshtohome is an online grocery store that sells a range of seafood and meat to its users. The website’s range of products include fish, poultry, mutton, steaks, and fillet. Fish consists of shell, freshwater, and marine. Furthermore, it enables suppliers to supply their seafood and meat to the website. Freshtohome was launched in 2015 by Shan Kadavil and is based in Bangalore.

Apptega

Seed Round in 2020
Apptega Inc. develops cybersecurity management software solutions. It offers Apptega, a platform that enables users to build, manage, and report various cybersecurity functions through a series of applications, which connect with established frameworks and automatically share its data with other applications. The company’s platform also helps managed service providers to build and manage cybersecurity programs of their clients. It serves chief information officers and Fortune 1000 companies. Apptega Inc. was formerly known as Apptega, LLC. The company was incorporated in 2018 and is based in Atlanta, Georgia.

Naari

Venture Round in 2020
Naari Pharma Private Ltd. is a global pharmaceutical company based in Noida, India, specializing in women's health, particularly in the area of hormones. Founded in 1978, Naari is vertically integrated, possessing capabilities in the development and manufacturing of active pharmaceutical ingredients, fermentation intermediates, and finished dosage forms. This comprehensive approach allows Naari to control the quality and efficiency of its products, making it one of the few companies worldwide with such extensive capabilities in female hormone pharmaceuticals. The company, formerly known as Indo Phyto Chemicals Pvt Limited until its name change in 2016, is dedicated to addressing the unique health needs of women through innovative pharmaceutical solutions.

Acko

Venture Round in 2019
Acko General Insurance Limited is a digital insurance company based in Mumbai, India, founded in 2016 by Varun Dua and Ruchi Deepak. The company specializes in providing micro-insurance products through an entirely online platform. Its offerings include various types of motor insurance, such as car and two-wheeler insurance, as well as specialized policies like Ola Trip Insurance for cab passengers. Acko focuses on personalized insurance solutions tailored to users' consumption behaviors and has expanded its product range to include healthcare-related insurance. By leveraging data and analytics, Acko aims to deliver a seamless and transparent insurance purchasing experience, making it easier for consumers to access a wide array of insurance products.

Apptega

Seed Round in 2018
Apptega Inc. develops cybersecurity management software solutions. It offers Apptega, a platform that enables users to build, manage, and report various cybersecurity functions through a series of applications, which connect with established frameworks and automatically share its data with other applications. The company’s platform also helps managed service providers to build and manage cybersecurity programs of their clients. It serves chief information officers and Fortune 1000 companies. Apptega Inc. was formerly known as Apptega, LLC. The company was incorporated in 2018 and is based in Atlanta, Georgia.

Kastus

Series A in 2018
Kastus Antimicrobial Technologies specializes in the development and commercialization of a patented antimicrobial surface coating technology for glass and ceramic materials. Their proprietary Log4+ technology offers significant protection against bacteria, fungi, and antibiotic-resistant superbugs, achieving a 99.99% reduction in harmful microorganisms under normal indoor lighting conditions. This technology is designed to be factory applied, ensuring a permanent, non-leaching, and environmentally safe solution that does not require harmful substances like silver or volatile organic compounds. Kastus's coatings are suitable for touch surfaces, cleanroom environments, and medical applications, providing enhanced hygiene and safety. After over five years of research, their technology has been independently certified and is economically viable, allowing clients to integrate it seamlessly into their products while benefiting from production efficiencies and cost savings.

iNurture

Series C in 2018
iNurture Education Solutions Pvt. Ltd., established in the year 2005, is the pioneer in career-ready formal higher education in India. We deliver industry relevant courses at undergraduate and postgraduate levels in the fast growing sectors of the economy, in active association with well-reputed universities and autonomous institutions/ colleges. We operate through a unique collaborative University-Industry Partnership (UIP) model. iNurture currently has partnership with 14 universities, autonomous institutions and colleges across India.

BigBasket

Venture Round in 2017
BigBasket is an online food and grocery store that delivers personal and household needs right to customers' doorstep. The company believes in being smart, quick, and efficient making life as leisurely as possible. Customers can browse through the vast range of products at bigbasket.com, order, and get them to be delivered at the customers' own convenient time slot. The company handpicks each and every product, putting it through a safety packaging process, and delivering to customers' home.

Unicent Ltd

Private Equity Round in 2017
Unicent Limited manufactures plastic products.

99Games

Venture Round in 2017
99Games Online Pvt. Ltd., based in Udupi, India, is a prominent developer and publisher of mobile games, targeting both global and Indian audiences. Established in 2008, the company has gained recognition for its successful titles, including the monetized game "Star Chef" and the highly downloaded "Dhoom:3 The Game." With over 22 published titles and more than 70 million downloads worldwide, 99Games has established itself as a leader in the Indian gaming industry. The company focuses on creating engaging, free-to-play games that foster community interaction and cater to diverse audiences, including female gamers, by offering puzzle and cooking strategy games. Backed by a stable and experienced management team, 99Games has attracted investments from notable institutional investors, positioning itself as a thought leader in the sector.

People Combine

Venture Round in 2016
People Combine is an Education Management & Consulting company with over two decades of rich experience in the sector. They offer end-to-end solutions for educational institutions across the country ranging pre-schools to international K-12 schools and beyond. For an educational institute to provide quality education to students, it is important that various operational aspects of the school function smoothly, and that is where People Combine comes in.

BigBasket

Series D in 2016
BigBasket is an online food and grocery store that delivers personal and household needs right to customers' doorstep. The company believes in being smart, quick, and efficient making life as leisurely as possible. Customers can browse through the vast range of products at bigbasket.com, order, and get them to be delivered at the customers' own convenient time slot. The company handpicks each and every product, putting it through a safety packaging process, and delivering to customers' home.

Citrus Payment Solutions

Series C in 2015
Citrus was founded in 2011 by a group of software, UX, and finance professionals who saw space for true simplification & innovation in the world of payments.

BigBasket

Series C in 2015
BigBasket is an online food and grocery store that delivers personal and household needs right to customers' doorstep. The company believes in being smart, quick, and efficient making life as leisurely as possible. Customers can browse through the vast range of products at bigbasket.com, order, and get them to be delivered at the customers' own convenient time slot. The company handpicks each and every product, putting it through a safety packaging process, and delivering to customers' home.

99Games

Series B in 2015
99Games Online Pvt. Ltd., based in Udupi, India, is a prominent developer and publisher of mobile games, targeting both global and Indian audiences. Established in 2008, the company has gained recognition for its successful titles, including the monetized game "Star Chef" and the highly downloaded "Dhoom:3 The Game." With over 22 published titles and more than 70 million downloads worldwide, 99Games has established itself as a leader in the Indian gaming industry. The company focuses on creating engaging, free-to-play games that foster community interaction and cater to diverse audiences, including female gamers, by offering puzzle and cooking strategy games. Backed by a stable and experienced management team, 99Games has attracted investments from notable institutional investors, positioning itself as a thought leader in the sector.

Robosoft Technologies

Series B in 2015
Robosoft Technologies Private Limited designs and develops mobile applications. The company offers applications in various platforms that include consumer mobility, enterprise mobility, and games and entertainment. Its ERP solutions include RoboLife, an integrated data management system that centralizes data pertaining to patients and hospital staff in a single interface; Origin IVF, multi-user, web-based software for fertility clinics; and RoboVidya, a web-based office automation tool for educational institutions. It serves advertising/digital agencies, retail/e-commerce media, news and publishing, banking/fintech, insurance, games and entertainment, and healthcare industries. The company was founded in 1996 and is based in Udupi, India with additional offices in Udupi, Mumbai, and Bengaluru, India; and the United States.

Radiant Cash Management Services

Venture Round in 2015
Radiant Cash Management Services Private Limited provides cash management services. The company primary services include cash pick-up and delivery. It also provides ATM management services, bullion transfers, man behind counters, security storage devices, and cheque and instrument. Radiant Cash Management Services Private Limited was founded in 2005 and is headquartered in Chennai, India. Radiant Cash Management Services Private Limited operates as a subsidiary of Radiant Group.

CARE Ratings

Post in 2015
CARE Ratings Limited is a prominent credit rating agency operating in India, Mauritius, and Nepal, founded in 1993 and headquartered in Mumbai. The agency offers a comprehensive range of services, including corporate ratings for debt instruments, bank loans, and issuer assessments, as well as financial sector ratings encompassing banks, insurance companies, and non-banking financial companies. Additionally, it provides public finance ratings for state government entities and urban local bodies, along with evaluations for project finance and infrastructure sectors. Beyond credit ratings, CARE Ratings also delivers grading services for educational institutions, initial public offerings, and various industrial sectors, including renewable energy. The agency aids corporations in raising capital and assists investors in making informed decisions regarding credit risk. With a network of ten branches across India, CARE Ratings remains a key player in the financial landscape, adapting to the evolving needs of the market. The company was previously known as Credit Analysis and Research Limited until its name change in June 2017.

People Combine

Series B in 2014
People Combine is an Education Management & Consulting company with over two decades of rich experience in the sector. They offer end-to-end solutions for educational institutions across the country ranging pre-schools to international K-12 schools and beyond. For an educational institute to provide quality education to students, it is important that various operational aspects of the school function smoothly, and that is where People Combine comes in.

BigBasket

Series B in 2014
BigBasket is an online food and grocery store that delivers personal and household needs right to customers' doorstep. The company believes in being smart, quick, and efficient making life as leisurely as possible. Customers can browse through the vast range of products at bigbasket.com, order, and get them to be delivered at the customers' own convenient time slot. The company handpicks each and every product, putting it through a safety packaging process, and delivering to customers' home.

Vizury

Series C in 2014
Vizury is a commerce marketing platform that specializes in personalized retargeting, helping digital companies enhance their marketing return on investment and increase transactions. Launched in 2007, its platform is designed to target and engage interested consumers across various channels including programmatic, social, and notifications. The platform provides an integrated approach that combines paid retargeting and customer relationship management channels to maximize reach and foster meaningful consumer interactions. In 2018, Vizury was acquired by Affle, a global technology company known for its consumer intelligence platform, which further integrated Vizury's offerings into its suite of products aimed at driving consumer engagement, acquisitions, and transactions through relevant mobile advertising.

Lemnisk

Series C in 2014
Lemnisk is the world’s first real-time marketing automation built on an intelligent & secure Customer Data Platform orchestrating 1-to-1 personalization and cross-channel customer journeys at scale that increases conversions, retention & growth for enterprises.

Maiyas Beverages And Foods

Venture Round in 2014
Maiyas Beverages And Foods Private Limited manufactures frozen food products, instant mixes, masala, pickles, ready to eat meals, savories, sweets, and beverages. It also operates restaurants. The company was founded in 1988 and is based in Bengaluru, India. As of May 14, 2020, Maiyas Beverages And Foods Private Limited operates as a subsidiary of Akashika Foods Private Limited.

Alivira Animal Health

Private Equity Round in 2014
Alivira Animal Health Limited specializes in the manufacture and sale of veterinary products for livestock, poultry, and companion animals on a global scale. Founded in 2013 and headquartered in Mumbai, India, the company has additional facilities in Polatli, Turkey, and Visakhapatnam, India. Alivira offers a diverse range of products, including active pharmaceutical ingredients (APIs) such as anthelmintics and various veterinary APIs, alongside formulations that encompass feed supplements, antibiotics, antibacterial agents, dermatological products, and disinfectants. As a subsidiary of Sequent Scientific Ltd., Alivira has established itself as a notable player in the animal health sector.
Newgen Software Technologies Limited is a software company based in New Delhi, India, specializing in Business Process Management (BPM), Enterprise Content Management (ECM), and Customer Communication Management (CCM) solutions. Founded in 1992, the company has established a global presence with over 1,000 installations across more than 50 countries, serving industries such as banking, insurance, healthcare, government, and telecommunications. Newgen's offerings include a comprehensive enterprise content management suite for managing content from capture to disposition, a business process management suite that facilitates digital transformation, and a customer communication management suite designed to enhance engagement across various channels. The company's NewgenONE Platform provides a unified low-code solution for extensive automation, enhancing operational efficiency for enterprises. Recognized by leading analyst firms, Newgen has achieved certifications for quality and information security management, underscoring its commitment to excellence in software development and service delivery.

Skanray Technologies

Venture Round in 2013
Skanray Technologies Pvt. Ltd. is a medical device manufacturer based in Mysore, India, specializing in a wide range of healthcare products. Founded in 2007, the company designs and produces devices for various medical specialties, including radiology, intensive care, and cardiology. Its product portfolio encompasses anesthesia delivery systems, defibrillators, patient monitoring systems, ventilators, X-ray systems, and critical care devices, as well as dental imaging and treatment units. Skanray also develops telemedicine-compatible devices aimed at enhancing healthcare accessibility, particularly in rural areas. With manufacturing facilities in India and Europe, Skanray Technologies serves hospitals and clinics globally through a network of dealers and service franchisees, focusing on delivering cost-effective solutions to improve patient care standards.

RBL Bank

Venture Round in 2013
RBL Bank is one of India’s fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATMs. Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. RBL Bank embarked on an aggressive growth plan based on a robust platform of strong governance, relationships, technology infrastructure, high quality capital and geographic expansion. Over the last two years, it has infused capital of over र 1,100 Crore from some of the most notable global and domestic names, taking the TIER 1 capital to र 1,600 Crore (approx.) Today, RBL Bank offers specialized services under the five business verticals: namely Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The bank currently services over 5 Lakh customers and has a total business size of over Rs. 14,500 Crore. s of August, 2014, RBL Bank has grown to a network of 180 branches and 374 ATMs across 13 Indian states.

iNurture

Venture Round in 2012
iNurture Education Solutions Pvt. Ltd., established in the year 2005, is the pioneer in career-ready formal higher education in India. We deliver industry relevant courses at undergraduate and postgraduate levels in the fast growing sectors of the economy, in active association with well-reputed universities and autonomous institutions/ colleges. We operate through a unique collaborative University-Industry Partnership (UIP) model. iNurture currently has partnership with 14 universities, autonomous institutions and colleges across India.

BigBasket

Series A in 2012
BigBasket is an online food and grocery store that delivers personal and household needs right to customers' doorstep. The company believes in being smart, quick, and efficient making life as leisurely as possible. Customers can browse through the vast range of products at bigbasket.com, order, and get them to be delivered at the customers' own convenient time slot. The company handpicks each and every product, putting it through a safety packaging process, and delivering to customers' home.
Kerala Institute of Medical Sciences is a multi-specialty tertiary care hospital where a team of specialists and sophisticated technology come together to provide high-quality medical aid. The company is committed to reach out to the community and beyond, to make quality healthcare affordable and accessible. It defines every aspect of clinical care, research, and education. Kerala Institute of Medical Sciences invests in the area of quality and safe patient care. The Group also has educational institutions that offer specialized courses for nurses and post-graduate programmes for doctors. It offers 20 DNB (Diplomate of National Board) programmes and Fellowship and International Courses in various specialties and super specialties. It also has College of Nursing, Institute of Skill Development and Paramedical Institute. Kerala Institute of Medical Sciences was founded on 2002 and is headquartered in Thiruvananthapuram, India.

Forefield

Series C in 2002
Forefield is a software development company that specializes in tools for online communication between financial institutions and their clients. The company provides solutions designed to enhance financial planning and client interaction specifically for organizations in investment management, insurance, brokerage, banking, and accounting. Additionally, Forefield's software is utilized by financial websites, enabling a more streamlined and effective exchange of information between financial advisors and their clients.
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