Trident Growth Partners Closes ₹1,000 Cr Fund, Doubles Down On Growth-stage Bets

Trident Growth Partners, founded by erstwhile elder finance professionals from Premji Invest and International Finance Corporation—Atul Gupta, Rajesh Ramaiah, and Pravan Malhotra—has announced nan first adjacent of its maiden money astatine astir ₹1,000 crore. The partners scheme to lead aliases co-lead Series B and later-stage investments, targeting fast-growing class leaders for important number stakes.

While nan money is sector-agnostic, it will attraction connected consumer, financial services, endeavor technology, manufacturing, and healthcare.

The patient reached its target corpus soon aft securing its Alternative Investment Fund (AIF) licence successful July 2024. It is now exercising a greenshoe action to raise an further ₹1,000 crore.

The money has received backing from respective organization and backstage investors. Key supporters see Claypond Capital—the family agency of Dr. Ranjan Pai, Chairman of Manipal Group—along pinch nan Fund of Funds for Startups (managed by SIDBI), and nan Self Reliant India (SRI) Fund. Additionally, complete 30 founders from companies specified arsenic Lenskart, Policybazaar, KreditBee, Amagi, Persistent Systems, Livspace, Netcore, Addverb, Sagar Cements, and Triveni Polymers person invested, alongside respective family offices and wide partners from established funds.

The 3 Managing Partners bring complete 50 years of corporate finance experience. Gupta and Ramaiah antecedently spent 13 years investing together astatine Premji Invest and stock a decade-long master relation pinch Malhotra. Their anterior investments see companies from Policybazaar, Myntra, Lenskart, Flipkart, to Purplle, FirstCry, BigBasket, MedPlus, and more. Of their 40 past investments, 14 achieved unicorn position and 8 went done IPOs aliases M&A transactions.

With anterior operational acquisition astatine firms for illustration Wipro, Reva Electric, Applied Materials, and Lam Research, nan Trident squad intends to support portfolio companies successful building sustainable and well-governed businesses. The partners intend to activity intimately pinch founders, offering mentorship done a wide laminitis web and operational support from a dedicated squad of knowledgeable professionals.

“At Trident Growth Partners, our team's extended finance acquisition crossed marketplace cycles provides america pinch a unsocial position connected macro and sectoral trends. We connection much than conscionable funding, bringing heavy operating experience, a founder-first mindset, and a robust web to support companies successful their maturation journey. Our attraction is connected backing resilient, growth-stage companies pinch beardown portion economics that prioritize sustainability and governance", noted Atul Gupta, Managing Partner.

The patient has made its first finance by co-leading nan Series B information successful Spotdraft, a SaaS institution successful nan Contract Lifecycle Management space. A 2nd finance is nearing closure, and nan money expects to make further investments crossed its halfway themes successful nan coming months.

Published on: Apr 23, 2025 5:14 PM IST