Ascent Capital

Ascent Capital is an India-focused private equity firm headquartered in Bangalore that concentrates on growth investments across technology, ecommerce, healthcare, financial services, consumer brands, and infrastructure, with additional activity in artificial intelligence, machine learning, and insurance. The firm leverages extensive experience in Indian capital markets, supported by a team with over 150 years of collective experience, and collaborates with entrepreneurial teams to build leading businesses across diverse sectors.

Deepak Gowda

Partner

Devesh Kabra

Assistant Vice President

A. P. Vasantha Kumar

Partner

Raja Kumar

Founder and Managing Partner

Gautam Singhi

Senior Associate

Varun Subramanian

Senior Associate

Gavesh Yerasani

Assistant Vice President

Vasanthakumar A.P.

Partner

38 past transactions

FreshToHome

Series D in 2023
Founded in 2015 by Shan Kadavil, FreshToHome is an online grocery store specializing in fresh seafood and meat delivery. Its product range includes fish, poultry, mutton, steaks, and fillet, all sourced from suppliers who meet its quality standards.

EnKash

Series B in 2022
EnKash is a comprehensive commercial payments platform based in India, specializing in corporate spend management. Launched in early 2018, the company has quickly established itself as a leader in the B2B payments space, offering businesses a streamlined approach to managing their commercial transactions. EnKash's platform facilitates the integration, processing, settlement, and reconciliation of corporate credit cards, significantly reducing the challenges associated with business spending. By providing real-time control, visibility, and transparency, EnKash enhances operational efficiency and productivity for its users. The company combines advanced technology with user-friendly solutions, enabling businesses to effectively manage purchase orders, invoices, and payments to suppliers. With offices in major cities including Mumbai, Delhi-NCR, Pune, and Bengaluru, EnKash is committed to helping businesses navigate their cash flow management needs.

Haber

Series B in 2021
Founded in Maharashtra, India in 2017 by Vipin Raghavan and Priya Venkat, Haber specializes in industrial automation. It offers AI-driven automation platforms that integrate sensor data to optimize plant efficiency and reduce operational costs across various industries.

MyGlamm

Series D in 2021
MyGlamm is a direct-to-consumer beauty brand that offers an online beauty products marketplace with international spa and salon products. The company uses a combination of technology, content, and social media to allow consumers to not only discover its products but also create rich, personalized, content and tutorial. MyGlamm was founded in 2015 and is headquartered in Mumbai, Maharashtra.

MyGlamm

Series C in 2021
MyGlamm is a direct-to-consumer beauty brand that offers an online beauty products marketplace with international spa and salon products. The company uses a combination of technology, content, and social media to allow consumers to not only discover its products but also create rich, personalized, content and tutorial. MyGlamm was founded in 2015 and is headquartered in Mumbai, Maharashtra.

CRMNEXT

Series B in 2021
CRMNEXT is an 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. CRMNEXT eliminates the barriers between human and digital channels, enabling world-class, omni-channel customer interactions from a single platform. It recalibrates banks’ potential to grow engagement, drive profitability, and deliver innovation. 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,

MyGlamm

Series C in 2021
MyGlamm is a direct-to-consumer beauty brand that offers an online beauty products marketplace with international spa and salon products. The company uses a combination of technology, content, and social media to allow consumers to not only discover its products but also create rich, personalized, content and tutorial. MyGlamm was founded in 2015 and is headquartered in Mumbai, Maharashtra.

FreshToHome

Series C in 2020
Founded in 2015 by Shan Kadavil, FreshToHome is an online grocery store specializing in fresh seafood and meat delivery. Its product range includes fish, poultry, mutton, steaks, and fillet, all sourced from suppliers who meet its quality standards.

Apptega

Seed Round in 2020
Apptega Inc. is a cybersecurity management software company based in Atlanta, Georgia, founded in 2018. The company develops a platform that enables organizations to build, manage, and report on their cybersecurity functions through a suite of specialized applications. This platform connects with established frameworks and facilitates automatic data sharing with other applications, streamlining the management of cybersecurity programs. Apptega's solutions are designed to assist organizations of all sizes, particularly chief information officers and Fortune 1000 companies, in organizing their cybersecurity efforts effectively. By simplifying administrative tasks and providing a centralized online dashboard, Apptega helps clients enhance their cybersecurity posture and navigate the complexities of compliance and modern threats.

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 hormone-related products. Founded in 1978 and formerly known as Indo Phyto Chemicals Pvt Limited, Naari operates as a vertically integrated business, possessing both development and manufacturing capabilities across active pharmaceutical ingredients, fermentation intermediates, and finished dosage forms (FDF). The company focuses on producing high-quality products that cater to the specific needs of women, positioning itself as one of the few firms worldwide with comprehensive expertise in the hormone sector. In September 2016, Naari rebranded to reflect its commitment to women's health.

Acko

Venture Round in 2019
Acko is a digital insurance provider that streamlines the underwriting and distribution of various insurance products through its online platform. The company specializes in personalized insurance offerings, leveraging data and analytics to tailor its products to user consumption behaviors. Acko offers a range of bite-sized insurance solutions, primarily targeting drivers and professionals within the transportation sector, while also expanding into healthcare with policies related to employee health benefits and wellness. Its approach aims to simplify the insurance buying experience, making it transparent and efficient for consumers.

Apptega

Seed Round in 2018
Apptega Inc. is a cybersecurity management software company based in Atlanta, Georgia, founded in 2018. The company develops a platform that enables organizations to build, manage, and report on their cybersecurity functions through a suite of specialized applications. This platform connects with established frameworks and facilitates automatic data sharing with other applications, streamlining the management of cybersecurity programs. Apptega's solutions are designed to assist organizations of all sizes, particularly chief information officers and Fortune 1000 companies, in organizing their cybersecurity efforts effectively. By simplifying administrative tasks and providing a centralized online dashboard, Apptega helps clients enhance their cybersecurity posture and navigate the complexities of compliance and modern threats.

Kastus

Series A in 2018
Kastus is an award-winning surface innovation company based in Ireland, founded in 2014 by John Browne after over a decade of research and development. The company specializes in patented antiviral and antibacterial surface coatings designed to enhance hygiene on various surfaces, particularly glass and ceramics. Kastus' technology has been validated by ISO standards and proven to kill over 99% of harmful bacteria, viruses, fungi, and antibiotic-resistant superbugs, including human coronavirus. This makes it highly effective for products that require continuous touch hygiene. In response to the COVID-19 pandemic, Kastus launched antiviral and antimicrobial screen protectors to help businesses reopen safely. The company has also received EU funding for developing innovative solutions to combat Covid-19.

iNurture

Series C in 2018
Founded in 2005, iNurture is a pioneering provider of industry-relevant higher education in India. It offers undergraduate and postgraduate courses across fast-growing sectors in collaboration with reputable universities and institutions, preparing students for careers in IT, mobile apps, creative industries, finance, animation, and more.

BigBasket

Venture Round in 2017
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

Unicent

Private Equity Round in 2017
Unicent Limited manufactures plastic products.

99Games

Venture Round in 2017
99Games is a leading Indian game developer and publisher, creating international-standard games for global and Indian consumers. With over 22 titles and 70 million downloads worldwide, they are known for hits like 'Star Chef' and 'Dhoom:3 The Game'. Their unique strategy caters to both global and Indian markets.

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 specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

Citrus Payment Solutions

Series C in 2015
Citrus Payment Solutions, founded in 2011 by a team of professionals from software, user experience, and finance backgrounds, focuses on simplifying and innovating the payment process. The company provides an online payment platform that empowers users to complete transactions with a single click across various merchants on their preferred devices. Additionally, Citrus offers a mobile wallet designed for both merchants and consumers, enhancing the payment experience and facilitating seamless transactions in the digital marketplace.

BigBasket

Series C in 2015
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

Robosoft Technologies

Series B in 2015
Robosoft Technologies is a full-service digital experiences agency specializing in digital transformation and mobile application development. Established in 1996, the company has a rich history of over 20 years in software development, initially partnering with Apple Inc. as its first client. Robosoft offers a comprehensive range of services, including digital advisory, design strategy, UX/UI design, and engineering, focusing on creating end-to-end digital platforms. Since entering the mobile app development sector in 2008, it has successfully developed over 1,800 mobile applications across various platforms, achieving more than a billion downloads. The agency's work has consistently delivered significant business impact for diverse clients, which include notable names like athenahealth, McDonald's India, and Disney. Recognized for its excellence in mobile app development, Robosoft has received numerous accolades, including the 'Mobile App Development Company of the Year' at the Amazon Mobility Awards, and has been honored with prestigious awards such as the Apple Design Award and BAFTA.

99Games

Series B in 2015
99Games is a leading Indian game developer and publisher, creating international-standard games for global and Indian consumers. With over 22 titles and 70 million downloads worldwide, they are known for hits like 'Star Chef' and 'Dhoom:3 The Game'. Their unique strategy caters to both global and Indian markets.

Radiant Cash Management Services

Venture Round in 2015
Radiant Cash Management Services Private Limited, established in 2005 and headquartered in Chennai, India, specializes in providing comprehensive cash management solutions. The company offers a variety of services, including cash pick-up and delivery, ATM management, bullion transfers, and cheque processing. Additionally, it supplies security storage devices and manpower for cash handling at counters. Radiant serves a diverse clientele that includes foreign, private, and public sector banks, as well as e-commerce companies, retail chains, non-banking financial companies, and various distribution outlets. With its integrated approach to cash logistics, Radiant has established itself as a trusted partner for efficient cash processing and secure cash transit.

CARE Ratings

Post in 2015
CARE Ratings Limited is a prominent credit rating agency based in Mumbai, India, with operations extending to Mauritius and Nepal. Established in 1993, the company offers a comprehensive range of rating and grading services designed to assist corporates in raising capital and help investors make informed decisions regarding credit risk. Its corporate rating services include assessments for corporate debt, bank loans, and issuer ratings, while its financial sector ratings cover banks, insurance companies, and non-banking financial companies. Additionally, CARE Ratings provides public finance ratings for state government entities and local bodies, as well as project finance evaluations. The agency also offers grading services for various sectors, including education, real estate, and renewable energy, along with equity research. With a network of 10 branches across India, CARE Ratings, formerly known as Credit Analysis and Research Limited, continues to play a crucial role in the financial landscape.

BigBasket

Series B in 2014
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

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.

Vizury

Series C in 2014
Vizury is a commerce marketing platform that specializes in personalized retargeting solutions, designed to enhance marketing return on investment and facilitate transactions for digital companies. Launched in 2007, Vizury’s platform provides a unique integrated approach to engaging interested consumers through programmatic, social, and notification channels, utilizing paid retargeting and customer relationship management strategies to expand reach. In 2018, Vizury was acquired by Affle, a global technology company that focuses on consumer intelligence and mobile advertising. Following the acquisition, Vizury's platform became a key component of Affle's consumer offerings, further enhancing its capabilities in driving consumer engagement and transactions.

Lemnisk

Series C in 2014
Lemnisk offers a secure customer data platform that aggregates data from various sources, providing a unified view for users. It specializes in real-time marketing automation, orchestrating personalized cross-channel customer journeys at scale to enhance conversion, retention, and growth for enterprises.

Maiyas Beverages And Foods

Venture Round in 2014
Maiyas Beverages And Foods Private Limited, founded in 1988 and based in Bengaluru, India, specializes in the production and marketing of a diverse range of vegetarian processed food products. The company offers an extensive lineup that includes frozen food, instant mixes, masalas, pickles, savories, sweets, and beverages, all crafted using traditional methods to maintain authentic flavors. Maiyas also operates a restaurant division and has a significant presence in the ready-to-eat food market, boasting approximately 50 varieties of savories and 200 varieties of sweets. The company is recognized for its rapid growth in the vegetarian food sector and exports select products to international markets, including Japan. Dr. P. Sadananda Maiya, known for his role in the iconic MTR restaurant, founded the company, which is currently a subsidiary of Akashika Foods Private Limited.

Alivira Animal Health

Private Equity Round in 2014
Alivira Animal Health Limited is a manufacturer and supplier of a diverse range of veterinary products for livestock, poultry, and companion animals on a global scale. Established in 2013 and headquartered in Mumbai, India, the company also has facilities in Polatli, Turkey, and Visakhapatnam, India. Alivira specializes in the production of active pharmaceutical ingredients (APIs), including anthelmintic APIs, alongside various formulations such as feed supplements, antibiotics, antibacterial products, skincare solutions, and disinfectants. As a prominent player in the animal health sector, Alivira serves veterinary pharmaceutical companies and contributes significantly to the veterinary healthcare landscape. The company operates as a subsidiary of Sequent Scientific Ltd.

Newgen Software Technologies

Series C in 2014
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, Newgen serves a diverse range of industries, including banking, insurance, healthcare, government, and telecommunications, with over 1,000 installations across more than 50 countries. The company is known for its NewgenONE Platform, a unified low-code platform designed for end-to-end automation, enabling organizations to streamline processes and manage enterprise content effectively. Newgen has received recognition from prominent analyst firms and is positioned in various Magic Quadrants for its innovative solutions. It adheres to high standards of quality and information security, holding certifications such as ISO 9001:2008 and ISO 27001:2005.

Skanray Technologies

Venture Round in 2013
Skanray Technologies is a global medical equipment manufacturer based in Mysore, India. It specializes in high-frequency X-ray imaging systems, critical care devices, and primary healthcare & telemedicine-compatible devices.

RBL Bank

Venture Round in 2013
RBL Bank is a private-sector Indian commercial bank offering personal, business, and wholesale banking services. Established in 1943, it operates through five verticals: Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking, and Financial Markets. As of March 2020, it had approximately 386 bank branches, 1,245 business correspondent branches, 263 banking outlets, and 596 ATMs across India.

iNurture

Venture Round in 2012
Founded in 2005, iNurture is a pioneering provider of industry-relevant higher education in India. It offers undergraduate and postgraduate courses across fast-growing sectors in collaboration with reputable universities and institutions, preparing students for careers in IT, mobile apps, creative industries, finance, animation, and more.

BigBasket

Series A in 2012
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

Kerala Institute of Medical Sciences

Venture Round in 2012
Kerala Institute of Medical Sciences is a multi-specialty tertiary care hospital network delivering care from primary to quaternary levels through a team of specialists and advanced technology. Founded in 2002 and based in Thiruvananthapuram, India, it emphasizes quality and safe patient care and operates educational institutions that offer nursing training, post-graduate programs including DNB, fellowships and international courses, as well as a College of Nursing, Institute of Skill Development and a Paramedical Institute. The network provides comprehensive medical services, supports research and education, and runs health check programs, emergency services and specialized clinics across its facilities.

Forefield

Series C in 2002
Forefield is a software development company that specializes in creating solutions for online communication between financial institutions and their clients. The firm focuses on financial planning knowledge and client interaction software tailored for a range of organizations, including those in investment management, insurance, brokerage, banking, and accounting. Additionally, Forefield serves financial websites, providing tools that enhance client engagement and streamline communication within the financial services sector. By prioritizing robust software solutions, Forefield aims to improve the way financial advisors and institutions connect with their clients.
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