Trident Growth Partners has kicked off its debut fund with a strong start—raising over ₹1,000 crore in its first close. The firm, which received its AIF license just last July, is now aiming to double that number, targeting a final close of ₹2,000 crore by 2025 with a greenshoe option already in play.
Behind Trident are three seasoned investors—Atul Gupta, Rajesh Ramaiah, and Pravan Malhotra—who bring decades of experience from their time at Premji Invest and the International Finance Corporation (IFC). Their track record includes some of India’s most iconic startups like Flipkart, Lenskart, KreditBee, and Policybazaar. Out of 40 past investments, 14 have become unicorns, and 8 have either gone public or been acquired. In short: they’ve seen what success looks like—and helped build it.
Trident’s new fund is focused on Series B and later-stage investments, targeting high-potential companies across consumer, fintech, enterprise tech, manufacturing, and healthcare sectors.
And it’s not just big institutions backing them—support is coming from all corners. The investor roster includes names like Claypond Capital (the family office of Dr. Ranjan Pai), SIDBI’s Fund of Funds for Startups, the SRI Fund, and over 30 founders from India’s most well-known startups. That’s a serious vote of confidence from the ecosystem.
The firm has already made its first bet—backing Spotdraft, a SaaS company focused on contract lifecycle management. Several more deals are expected to be announced through 2025.
But Trident isn’t just about writing cheques. The team plans to roll up its sleeves and work closely with founders, offering not just capital but operational know-how, strategic support, and access to a deep network of experts and entrepreneurs.
In an increasingly competitive growth-stage environment, Trident Growth Partners is setting out to be more than just another fund—it wants to be the kind of partner that helps founders truly scale.
