- The India-focused growth stage fund now aims to close the fund at INR 2,000 crore in 2025
India, 22 April 2025 – Former senior investment professionals from Premji Invest and International Finance Corporation, Atul Gupta, Rajesh Ramaiah and Pravan Malhotra have announced an impressive ~INR 1,000+ crore first close of Trident Growth Partners’ maiden fund, reaching their target corpus after getting their AIF license in July 2024, and are now exercising the greenshoe option to raise another ~INR 1,000 crores.
The three Managing Partners have a combined investment experience of 50+ years, with Atul Gupta and Rajesh Ramaiah investing together at Premji Invest for 13 years and sharing a 10-year history with Pravan Malhotra.
They have actively invested in category-leading Indian companies that include Policybazaar, KreditBee, Myntra, Lenskart, Flipkart, Purplle, FirstCry, BigBasket, Amagi, Pixis, Lambdatest, Moglix, Best Value Chemicals, Gold Plus Glass, MedPlus and NephroPlus. Of their 40 prior investments, 14 became unicorns and 8 had IPOs/M&A.
Trident Growth Partners will lead or co-lead Series B+ investments in fast-growing category leaders for a significant minority stake. While sector agnostic, the fund’s investment themes include Consumer, Financial Services, Enterprise Technology, Manufacturing and Healthcare.
Trident Growth Partners has been supported by Claypond Capital, the family office of Dr Ranjan Pai, Chairman of Manipal Group, Fund of Funds for Startups (managed by SIDBI) and Self Reliant India Fund (SRI), along with 30+ founders of high-profile companies including Lenskart, PolicyBazaar, Persistent Systems, Livspace, KreditBee, Amagi, Netcore, Addverb, Sagar Cements, and Triveni Polymers. Leading family offices and general partners of prominent funds are also investors in the fund.
With the team’s prior operational experience at Wipro, Reva Electric, Applied Materials and Lam Research, along with their expertise in advising multiple companies with IPOs, M&A and capital markets, the focus of the firm will be to help founders build long-term, profitable businesses with strong governance.
The Managing Partners intend to engage closely with their portfolio companies by leveraging their founder network to provide mentorship to their portfolio founders, along with an experienced operating partner network that will assist companies with key functional support as they scale up.
“At Trident Growth Partners, our team’s extensive investment experience across market cycles provides us with a unique perspective on macro and sectoral trends.
We offer more than just funding, bringing deep operating experience, a founder-first mindset, and a robust network to support companies in their growth journey.
Our focus is on backing resilient, growth-stage companies with strong unit economics that prioritize sustainability and governance”, noted Atul Gupta, Managing Partner.
Trident Growth Partners has already completed its first investment by co-leading the Series B round in Spotdraft, a leading SaaS company in the Contract Lifecycle management space and is in the final stage of closing its second investment.
The fund has a strong pipeline of investments across its key themes and expects to make a few more investments this year.
About Trident Growth Partners LinkedIn
Trident Growth Partners is an Indian growth-stage private equity firm focused on investing in category-leading companies with strong fundamentals and sustainable business models.
Our fund is backed by marquee investors and institutions including large family offices and 30 + founders / entrepreneurs who have successfully built and scaled businesses.
At Trident Growth Partners, we are not just investors; we are long-term strategic partners to visionary management teams.
Our focus is to build sustainable, category-leading businesses with a keen eye on unit economics and a clear path to profitability. Leveraging over 50 years of combined investment experience and a robust network of successful founders and industry experts, we endeavour to create substantial value for our portfolio companies and delivering exceptional returns for our investors.
Disclaimer:- This story has not been edited by SugerMint staff and provided by the agency. SugerMint will not be responsible in any way for the content of this story.
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