Trident Growth Partners closes ₹1,000 crore maiden round, targets 10–12 growth-stage investments – CNBC TV18

Trident Growth Partners, a brand new entrant within the Indian non-public fairness panorama, plans to spend money on 10 to 12 corporations over the following three to 4 years from its debut fund, in keeping with Managing Associate Pravan Malhotra.

The agency just lately introduced the primary shut of over ₹1,000 crore for this maiden fund, which was based by skilled traders previously with Premji Make investments and the Worldwide Finance Company (IFC).

Whereas the agency stays sector-agnostic in its method, it’s guided by particular funding themes. Malhotra defined that this technique helps keep away from getting “caught in any specific market cycles or valuation bubbles inside particular sectors.”

Key themes Trident is monitoring embody shopper traits, monetary providers, Software program-as-a-Service (SaaS), manufacturing pushed by ‘Make in India’, and healthcare. Underlying many of those focus areas is India’s highly effective consumption and demographic story.

Malhotra famous that rising incomes, a rising center class, and increasing consumption past main cities into tier 2 and tier 3 areas are driving demand throughout sectors like healthcare, meals, training, and monetary providers.

Trident intends to focus its investments totally on Sequence B and later funding rounds, usually investing between $15-20 million per firm. Malhotra finds this stage significantly compelling as a result of threat-return profile.

“What we discover compelling is the chance-adjusted return on this phase. To us, it is most likely probably the most optimum,” he said, including that corporations at this stage have typically confirmed their enterprise fashions however require capital to scale considerably. He described this phase as “comparatively underserved,” particularly by funds with a broader, sector-agnostic view fairly than a pure tech focus.

Momentum is constructing because the agency works in direction of its remaining goal of ₹2,000 crore for the fund by 2025. The preliminary shut noticed strategic backing from over 30 founders, outstanding household places of work, and two authorities-backed fund-of-funds. Malhotra indicated that the following part of fundraising will goal home establishments and international capital sources.

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