With a target corpus of Rs 240 crore ($28 million), more than five times the size of its first fund, venture capital firm Triton has announced the first close of its second fund.
With a continued emphasis on B2B technology and tech-enabled services, this fund will support high-potential startups in these industries with the goal of fostering innovation. Fund II seeks to enable forward-thinking businesspeople, spur expansion, and create significant influence.
Triton claims that Fund II will make initial investments in pre-Series A and Series A rounds, with each company receiving between Rs 8 and Rs 16 crore. The fund will continue to prioritize industries like enterprise SaaS, SMB tech, agentic AI, deeptech, and tech-enabled services while keeping its primary focus on B2B technology and tech-enabled services.
Before making this announcement, Triton Fund I supported innovative companies in India’s tech sector by investing in enterprise SaaS, AI, B2B marketplaces, and marketing services. The company wants to carry out its plan for Fund II as Fund I draws to a close with solid returns and high investor confidence.
According to the Mumbai-based venture capital firm, it has established a solid reputation for having in-depth knowledge of technology-driven businesses and a sophisticated grasp of the Indian startup scene. Additionally, Triton asserts that their success rate is 100%.
Early-stage venture capital firm Triton supports tech-enabled and B2B companies with significant growth potential. Recykal, ZingHR, CamCom, and Bizom are just a few of the companies it has helped with its hands-on approach and robust investment philosophy.
