Proof of Usefulness Report

Ascend Capital

Analysis completed on 2/3/2026

+607
Proof of Usefulness Score
Category Standard

Ascend Capital (Ascend Bizcap Pvt Ltd) is a verified RBI-registered NBFC in Jaipur with significant traction, including Series A funding (~$6M) from Info Edge Ventures and Asha Ventures. Search confirms a team size of 200-500 and over 8,000 commercial EVs financed, validating the 'rapidly growing' claim despite the low-quality submission text. The input 'marketcap' figure (1,090,000,000) matches the verified valuation of ₹109 Cr. The project demonstrates high real-world utility in financial inclusion and green mobility.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+90.0
Technical Innovation+90.0
Evidence Of Traction+240.0
Market Timing Relevance+90.0
Functional Completeness+5.0
Subtotal+740
Usefulness Multiplierx0.82
Final Score+607

Project Details

Project URL
https://www.ascendcap.in
Description
Ascend Capital (Ascend Bizcap Pvt Ltd) is a rapidly growing NBFC headquartered in Jaipur, focused on commercial EV (Electronic Vehicle) financing. Co-founded by IIT and IIM alumni, we are at the forefront of the EV revolution and recently closed our Series A round to power our growth phase.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline