Trident Growth Partners Closes ₹1,000 Cr Fund, Targets Growth-Stage Startups

Trident Growth Partners, founded by former senior investment professionals from Premji Invest and International Finance Corporation, has announced the first close of its maiden private equity fund at over ₹1,000 crore ($117.4 million) after receiving its AIF license in July 2024. The firm plans to raise an additional ₹1,000 crore through a greenshoe option, targeting a final close of ₹2,000 crore by the end of the year. Trident will lead or co-lead Series B and later-stage investments, focusing on fast-growing, resilient companies in sectors such as consumer, financial services, enterprise technology, manufacturing, and healthcare. The fund is backed by institutional investors including Claypond Capital (family office of Dr. Ranjan Pai), SIDBI’s Fund of Funds for Startups, the Self Reliant India Fund, and over 30 founders from high-profile companies. The three managing partners bring more than 50 years of collective investment experience, with a track record of backing several unicorns and successful IPOs or M&A exits. Trident has already made its first investment by co-leading a Series B round in SaaS startup Spotdraft and aims to build a concentrated, high-conviction portfolio over the next few years.