Trident Growth Partners leads Rs 200 Cr round in Credit Wise Capital

Growth-stage private equity firm Trident Growth Partners (TGP) has announced a Rs 120 crore investment in Credit Wise Capital (CWC) as part of a Rs 200 crore round, marking the Mumbai-based NBFC’s first institutional fundraise. 

This is the second investment from TGP’s Rs 2,000 crore maiden fund.

The proceeds will be used to scale Credit Wise Capital’s secured lending portfolio, enhance its proprietary SaaS lending platform, and deepen presence in underserved tier II–IV cities.

Founded by Aalesh Avlani and Gurpreet Singh Sodhi, Credit Wise Capital is focused on two-wheeler financing and MSME lending, with a strong footprint across 215 cities in 10 Indian states.

CWC operates with a ‘phygital’ distribution model, combining physical networks with digital underwriting, helping reduce credit friction for India’s emerging middle class. As of March 2025, the NBFC manages an asset base of Rs 645 crore, up from Rs 489 crore the previous year, and maintains a healthy capital adequacy ratio of 31.2%. 

It has financed over 200,000 two-wheelers, contributing to rising credit access in small-town India.

Trident Growth Partners had closed over Rs 1,000 crore in commitments during the first close of its debut fund earlier this year, with backing from institutions, family offices, and over 30 accomplished founders.