Ascent Capital

Ascent Capital is an India-focused private equity firm based in Bangalore. Established in 2000, they specialize in investments in sectors such as financial services, consumer goods, healthcare, and technology across India. With a team boasting over 150 years of combined experience in Indian capital markets, they have supported over 55 entrepreneurial teams in building leading businesses over the past 15 years. Ascent Capital Advisors, founded in 2009, seeks to invest between $1 million and $30 million in companies, acquiring minority and controlling stakes without seeking operating control. They aim for exits through public listings or other means, typically holding investments for four to six years. The firm is sector agnostic but focuses on a wide range of industries, including logistics, consumer, ecommerce, and healthcare, among others.

Deepak Gowda

Partner

Devesh Kabra

Assistant Vice President

Sunil Kolangara

Partner

Raja Kumar

Founder and Managing Partner

A. P. Vasantha Kumar

Founding Member & Partner

Abhishek Loonker

Director

Subhasis Majumder

Partner

Treasa Mathew

Vice President

Ajay Mittal

Founding Member and Partner

Lakshmi Pattabi Raman

Assistant Vice President

Debashish Sadangi

Assistant Vice President

Santosh K. Shet

Vice President

Gavesh Yerasani

Assistant Vice President

44 past transactions

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.

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.
Newgen Software Technologies Limited provides software products and solutions in India, Australia, Europe, the Middle East, Africa, the Asia Pacific, and the United States. The company offers enterprise content management suite, which enables end-to-end management of enterprise content, from capture to disposition; business process management suite that provides a platform to drive enterprise-wide digital transformation; and customer communication management suite, a communication platform, which enables to share of customers’ wallet by tapping various cross-sell/up-sell opportunities across touch points, such as email, SMS, Web, and print. It serves various industries, which include banking and financial services, insurance, healthcare, government, shared services, utilities, pharmaceuticals, cross, and legal. The company was founded in 1992 and is based in New Delhi, India.

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.

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.

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.

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.

Freshtohome

Private Placement 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.

iNurture

Private Placement 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.

EnKash

Series B in 2022
EnKash has emerged to become one of India’s fastest growing credit card companies. With its banks’ partnership, it is providing much needed purchase card acceptance infrastructure for large enterprises with optimisation on costs. It enables enterprises to use their commercial/ purchase cards for multiple types of core & non-core business payments varying from supplier, utility, GST, Fuel, IATA etc. It has also expanded corporate credit card space by launching India’s First Corporate Credit card for SMEs & StartUps. With this innovative offering, EnKash Freedom Card, for SMEs/ Startups is serving multiple use cases for the sector which remained typically under served.

Forefield

Series C in 2002
Forefield develops software for online communication between financial institutions and their clients.

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.

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.

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.

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.

Alivira Animal Health

Private Equity Round in 2014
Alivira Animal Health Limited manufactures and sells veterinary products for livestock, poultry, and companion animals worldwide. It offers active pharmaceutical ingredients (APIs), including anthelmintic APIs and veterinary APIs for veterinary pharmaceutical companies; and formulations, which include feed supplements, antibiotics, anthelmintics, antibacterial, skincare products, and disinfectants. The company was founded in 2013 and is based in Mumbai, India with locations in Polatli, Turkey; and Visakhapatnam, India. Alivira Animal Health Limited operates as a subsidiary of Sequent Scientific Ltd.

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.

Cure Fit Healthcare Pvt Ltd

Private Placement in 2020
Cure Fit Healthcare Pvt Ltd operates a platform which enables users to manage their health proactively through a range of service offerings. The company also provides offline delivery of services for preventive health care. The company was incorporated in 2016 and is based in Bengaluru, India.

CARE Ratings

Post in 2015
CARE Ratings operates as a credit rating agency. CARE Ratings provides the entire spectrum of credit rating that helps the corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations.

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.

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.

99Games

Venture Round in 2017
99Games is India's leading Developer and Publisher of games of international standards for Global & Indian consumers. It takes pride in creating India’s most successfully monetized global game ‘Star Chef’ and one of India’s most downloaded games ‘Dhoom:3 The Game'​.​ 99Games has published over 22 game titles and has clocked in 70+ Million downloads globally till date. It has a unique growth strategy of addressing the Global and Indian market. With a highly experienced & stable management team working collaboratively for over 10 years, 99Games is considered a thought leader in the Indian gaming industry. 99Games has raised multiple rounds of investments from quality institutional investors - Dream Incubator, Kalaari Capital and Ascent Capital

Alivira Animal Health

Merger/Acquisition in 2015
Alivira Animal Health Limited manufactures and sells veterinary products for livestock, poultry, and companion animals worldwide. It offers active pharmaceutical ingredients (APIs), including anthelmintic APIs and veterinary APIs for veterinary pharmaceutical companies; and formulations, which include feed supplements, antibiotics, anthelmintics, antibacterial, skincare products, and disinfectants. The company was founded in 2013 and is based in Mumbai, India with locations in Polatli, Turkey; and Visakhapatnam, India. Alivira Animal Health Limited operates as a subsidiary of Sequent Scientific Ltd.

99Games

Series B in 2015
99Games is India's leading Developer and Publisher of games of international standards for Global & Indian consumers. It takes pride in creating India’s most successfully monetized global game ‘Star Chef’ and one of India’s most downloaded games ‘Dhoom:3 The Game'​.​ 99Games has published over 22 game titles and has clocked in 70+ Million downloads globally till date. It has a unique growth strategy of addressing the Global and Indian market. With a highly experienced & stable management team working collaboratively for over 10 years, 99Games is considered a thought leader in the Indian gaming industry. 99Games has raised multiple rounds of investments from quality institutional investors - Dream Incubator, Kalaari Capital and Ascent Capital

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

Vizury

Series C in 2014
Vizury is a commerce marketing platform and its personalized retargeting stack is used by digital companies to grow marketing ROI and enhance transactions. Vizury’s retargeting platform is unique as it offers an integrated proposition to target and engage with the interested consumers over programmatic, social and notification channels. This platform was launched in 2007 and after achieving global scale and success, the platform and business of Vizury was acquired by Affle in 2018. After the acquisition of the Vizury platform, it has now become an integral product as part of Affle’s consumer platform. Affle started in 2005 and is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagement, acquisitions and transactions through relevant mobile advertising.

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.

The Good Glamm Group

Series D in 2021
The Good Glamm Group gathers and markets various beauty and personal care brands. It searches for sustainable and cruelty-free beauty companies to invest in and helps with advertising them under their existing digital spaces. The Good Glamm Group is based in Pune, India.

Naari

Venture Round in 2020
Naari Pharma Private Ltd. manufactures active pharmaceutical ingredients, fermentation intermediates, and fast dosage form (FDF). Naari Pharma Private Ltd. was formerly known as Indo Phyto Chemicals Pvt Limited and changed its name to Naari Pharma Private Ltd. in September, 2016. The company was founded in 1978 and is headquartered in Noida, India.

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.

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.
Kastus Antimicrobial Technologies are a small team of experienced professionals with expertise in fields ranging from nanotechnology, physics, product development, research & development, coating and production. They at Kastus fund, develop, commercialise and license a range of unique patent pending anti-microbial surface treatments offering Log 4+ kill rates against bacteria, fungi and antibiotic-resistant superbugs including MRSA and E. coli. Their proprietary antimicrobial coating technology, Log4+ was developed in response to government, industry & healthcare requests to help reduce the spread of infections caused by bacteria and fungi surviving on surfaces in the indoor environment. They at Kastus license their unique visible light activated nanotechnology for all glass and ceramic substrates. Having completed 5+ years of research, development & testing at external ISO accredited laboratories their patent pending technology allows a selection of clients to offer enhanced and unique customer benefits and selling points. When utilised in touch surfaces, cleanroom and medical environments the financial and human benefits are significant. Their technology is factory applied using patent pending processes creating environmentally safe (non-leaching), long lasting and economical products providing a second layer of defence against the growing global threats posed by antibiotic resistant bacteria. Log4+allow users to achieve a 99.99% reduction in both gram positive & gram negative bacteria (MRSA, E-coli, and Pseudomonas) under indoor light conditions at normal room temperatures and humidity levels without using any harmful silver or volatile organic compounds (VOCs). Their technology is independently certified, is visible light activated not requiring UV, is permanent, non-leeching, contains no silver, is economic & commercially viable and non-toxic. Log4+ is applicable to all glass and ceramic types, it is scratch resistant and visually clear and importantly it does not alter the host glass or ceramic in terms of functionality or appearance. Log4+ can be in-line applied resulting in production efficiencies and cost savings for their clients creating significant revenue and market share potential.

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.

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.
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.

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.

Freshtohome

Series D in 2023
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.

Naari

Private Placement in 2020
Naari Pharma Private Ltd. manufactures active pharmaceutical ingredients, fermentation intermediates, and fast dosage form (FDF). Naari Pharma Private Ltd. was formerly known as Indo Phyto Chemicals Pvt Limited and changed its name to Naari Pharma Private Ltd. in September, 2016. The company was founded in 1978 and is headquartered in Noida, India.

Unicent Ltd

Private Equity Round in 2017
Unicent Limited manufactures plastic products.