As part of a Rs 200 crore round, growth-stage private equity firm Trident Growth Partners (TGP) announced an investment of Rs 120 crore in Credit Wise Capital (CWC), the first institutional fundraise for the Mumbai-based NBFC.
From TGP’s initial fund of Rs 2,000 crore, this is the second investment.
The money raised will be utilized to expand Credit Wise Capital’s presence in underserved tier II–IV cities, improve its proprietary SaaS lending platform, and grow its secured lending portfolio.
Credit Wise Capital, which was founded by Aalesh Avlani and Gurpreet Singh Sodhi, specializes in MSME lending and two-wheeler financing. It has a significant presence in 215 cities across 10 Indian states.
By combining digital underwriting with physical networks, CWC’s “phygital” distribution model helps lower credit barriers for India’s growing middle class. The NBFC maintains a healthy capital adequacy ratio of 31.2% and manages an asset base of Rs 645 crore as of March 2025, up from Rs 489 crore the year before.
It has helped increase credit availability in small-town India by financing more than 200,000 two-wheelers.
With the support of more than 30 successful founders, family offices, and institutions, Trident Growth Partners closed over Rs 1,000 crore in commitments at the first close of its debut fund earlier this year.
