Trident Growth Partners raises Rs 1,000 Cr in first close of debut fund

Trident Growth Partners has announced the first close of its maiden fund at over Rs 1,000 crore. 

The growth-stage investment firm received its AIF license in July 2024 and is now exercising a greenshoe option to raise another Rs 1,000 crore, targeting a final close at Rs 2,000 crore in 2025.

Founded by Atul Gupta, Rajesh Ramaiah, and Pravan Malhotra—former senior investors at Premji Invest and IFC—the team brings over 50 years of combined experience. Their past investments include Policybazaar, KreditBee, Flipkart, and Lenskart. Of their 40 prior investments, 14 became unicorns and 8 went public or were acquired.

The fund will focus on Series B and later-stage investments across sectors like consumer, financial services, enterprise tech, manufacturing, and healthcare.

Investors in the fund include Claypond Capital (family office of Dr. Ranjan Pai), SIDBI’s Fund of Funds for Startups, SRI Fund, and over 30 founders of high-profile companies.

Trident has made its first investment in Spotdraft, a SaaS company in Contract Lifecycle Management, and expects to close more deals in 2025.

The firm aims to support portfolio companies through operational experience and a network of founders and experts.