VC Fund Investments
EV focused lender Ascend Capital raises Rs.50-Cr from Infoedge, Asha Ventures
Jaipur-headquartered Ascend Capital , a Jaipur-based non-banking financial company (NBFC), focused on electric vehicle financing, has raised INR 50 crore in a Series A round led by Info Edge Ventures and Asha Ventures.Founded by IIT Madras batchmates Lokesh Chandra and Gaurav Maheshwari, Ascend plans to use the funds to expand its book across multiple geographies further and reach an asset under management (AUM) size of INR 300 crore over the next two years.
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