Triton, a VC firm, has announced the first close of its second fund with a target set at a total corpus of Rs 240 crore, which comes to about USD 28 million. This is more than five times larger than its previous (first) fund.
Furthermore, this fund is said to maintain a strong focus on B2B tech and tech-enabled services, going forward, and will aim to drive innovation while backing promising startups in these given sectors. Fund II is aimed at empowering visionary entrepreneurs by helping them accelerate growth, and drive meaningful impact.
With initial investments ranging from Rs 8–16 crore per company, Fund II will invest in pre-Series A and Series A rounds, as per Triton. Furthermore, the fund will maintain its core focus on B2B tech and tech-enabled services. This would be carried out to prioritize sectors which include enterprise SaaS, SMB tech, agentic AI, deeptech, and tech-enabled services.
Triton Fund I invested across enterprise SaaS, AI, B2B marketplaces, and marketing services prior to this announcement with a focus on supporting transformative businesses in India’s tech landscape. Also, the firm aims to execute its vision for Fund II, as Fund I nears completion with strong returns and high investor confidence.
This Mumbai-based VC firm also highlighted that it has built a strong reputation for its deep expertise in technology-driven enterprises with a nuanced understanding of the Indian startup ecosystem. Also to note, Triton claimed to have successfully achieved a 100 per cent success rate.
