Trident Growth Partners’ debut fund raised Rs 1,000 Cr at its first close
According to Trident Growth Partners, its first fund closed at a value of more than Rs 1,000 crore.
The growth-stage investment firm, which obtained its AIF license in July 2024, is currently raising an additional Rs 1,000 crore through a greenshoe option with the goal of closing at Rs 2,000 crore in 2025.
Founded by former senior investors at Premji Invest and IFC, Atul Gupta, Rajesh Ramaiah, and Pravan Malhotra, the team has over 50 years of combined experience. They have previously invested in Lenskart, Flipkart, Policybazaar, and KreditBee. Out of their 40 previous investments, 8 went public or were purchased, and 14 became unicorns.
Series B and later-stage investments in industries such as consumer, financial services, enterprise technology, manufacturing, and healthcare will be the fund’s primary focus.
Claypond Capital (Dr. Ranjan Pai’s family office), SIDBI’s Fund of Funds for Startups, SRI Fund, and more than 30 founders of well-known businesses are among the fund’s investors.
Trident anticipates closing more deals in 2025 after making its first investment in Spotdraft, a Contract Lifecycle Management software provider.
Through its network of founders and experts and operational experience, the firm seeks to assist portfolio companies.
