Led · Equity · Oct 2025

Launched in 2014, Wonderland Foods offers a broad portfolio of healthy snacks that includes nuts, seeds, berries, dried fruits, and dates. The company sources directly from farmers, processes products in-house, and sells through both B2C and B2B channels. Its items are listed on major online marketplaces such as Amazon and Flipkart and stocked by national retail chains including Reliance, D-Mart, Vishal Mega Mart, Lulu Super Mart, Metro Cash & Carry, and Walmart. Wonderland Foods generated Rs 95 crore in revenue in FY21 and grew to Rs 540 crore in FY25, with a target of approximately Rs 700 crore for FY26. With fresh capital, management plans to expand the product portfolio, upgrade processing capabilities, and strengthen distribution and marketing. The brand competes in India’s premium healthy-snacking segment with players like Happilo, Nutty Gritties, and Open Secret.

Led · Series A · Feb 2024

Ascend Capital provides tailored loans to customers purchasing new commercial electric vehicles, with a focus on underwriting EV assets such as batteries and vehicle build quality. The company has built an OEM-data checklist to improve underwriting and loan disbursement. Founded in 2018 by Gaurav Maheshwari and Lokesh Chandra, Ascend has disbursed 9,000 loans worth Rs 90 crore to date and currently manages Rs 50 crore of assets under management. It plans to use new capital to expand its loan book and aims to cross Rs 300 crore in AUM over the next two years. In July the startup said it aimed to raise Rs 500 crore in the next 18 months. Its underwriting approach is intended to differentiate it among fintech and lending players active in EV financing.