Latest news with #TridentGrowthPartners
Entrepreneur
2 days ago
- Business
- Entrepreneur
Weekly Recap: Top 7 Funding Deals of the Week (July 5–11)
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Indian startup ecosystem continues to thrive, attracting investor attention from all corners, whether it's fintech, food-tech, pharmaceuticals, or digital media. From the bustling streets of Mumbai to the innovative hub of GIFT City, we witnessed a wave of exciting funding deals this week designed to spark innovation, broaden reach, and ramp up operations. Let's take a look at seven standout funding deals that showcase the vibrant and dynamic nature of India's entrepreneurial landscape. Credit Wise Capital Inception: 2018 Founders: Aalesh Avlani and Gurpreet Singh Sodhi Based-out: Mumbai Credit Wise Capital offers a range of financial services, including two-wheeler loans, personal loans, and various insurance products like health and life insurance. It also provides digital lending services, including tech-driven underwriting and collections, as well as bike servicing and roadside assistance. Funding Amount: USD 24.10 Million Investor: Trident Growth Partners (TGP) Khetika Inception: 2017 Founders: Dr Prithwi Singh, Darshan Krishnamurthy, and Raghuveer Allada Based-out: Mumbai Khetika is a clean-label food brand that offers staples free from preservatives, including rice, wheat, pulses, dry fruits, and fresh batters. By sourcing directly from Indian farmers, Khetika highlights traditional methods like stone-grinding and fermentation, ensuring that products such as chutneys, spices, and millet-based foods are packed with nutrition and authenticity. Funding Amount: USD 18 Million Investors: Narotam Sekhsaria Family Office, Anicut Capital, Incofin India Progress Fund, Rajasthan Gum, Shree Ram India Gums Arteria Technologies Inception: 2007 Founders: Parag Sushilkumar Jain and Sriram Kanuri Based-out: Bengaluru Arteria Technologies focuses on digitising supply chains using SAP solutions. Its flagship platform, FinessArt, connects supply chain participants, providing analytics, financial visibility, and decision-making tools. It also provides expert consulting services focused on SAP, covering everything from implementation and support to NetWeaver adoption. Funding Amount: USD 12.05 Million Investor: ICICI Venture InPrime Finserv Inception: 2021 Founders: Sneh Thakur, Manish Raj, and Rajat Singh Based-out: Bengaluru InPrime Finserv delivers customised credit solutions to underserved Informal Prime Households, including micro-entrepreneurs and small retailers. Its tech-first model integrates flexible repayment channels and gamified financial literacy programs to promote financial inclusion and empowerment. Funding Amount: USD 6.02 Million Investors: Pravega Ventures, Z47, InfoEdge Ventures, Kettleborough VC Sai Parenterals Limited Inception: 2001 Founder: Anil Karusala Based-out: Hyderabad Sai Parenterals is a pharmaceutical manufacturer offering CDMO services and branded exports. It produces sterile injectables, oral solids, and topical preparations. With five facilities approved by regulatory bodies like TGA and WHO-GMP, it covers the full pharmaceutical value chain from R&D to global distribution. Funding Amount: USD 6.02 Million Investors: Samarsh Capital, Vyom Partners, Blue Lotus Capital Chai Bisket Inception: 2015 Founders: Sharath Chandra and Anurag Reddy Based-out: Hyderabad Chai Bisket is a digital entertainment company known for vernacular content creation, influencer marketing, and film production. Its creative platform "The Stage" nurtures talent through events and workshops, while its new microdrama app "Chai Shots" targets short-form video consumption. Funding Amount: USD 5 Million Investors: InfoEdge Ventures, General Catalyst Belong Inception: 2024 Founders: Ankur Choudhary, Ayush Singh, Sai Sankar M, and Savitri Bobde Based-out: GIFT City Belong is a fintech platform tailored for NRIs, offering services such as fixed deposits, wealth management, and tax filing. The startup aims to simplify cross-border financial management for global Indians with user-friendly and compliant financial solutions. Funding Amount: USD 5 Million Investors: Elevation Capital, Relentless Ventures, and angel investors including Abhiraj Singh Bahl, Varun Khaitan, Akshant Goyal, and Varun Alagh This week's funding deals highlight the robustness and variety of India's startup scene, with capital flowing into finance, food, pharma, tech, and media—signaling investor confidence across the board.
Entrepreneur
5 days ago
- Business
- Entrepreneur
Credit Wise Capital Raises INR 200 Cr in Funding Led by Trident Growth Partners
The fresh capital aims to fuel expansion across two-wheeler financing, secured loans, and tech-driven credit enablement in tier II - IV Indian cities. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Credit Wise Capital, a leading non-banking financial company (NBFC) specialising in two-wheeler and MSME lending, has raised INR 200 crore in its first institutional funding round, led by Trident Growth Partners (TGP). Of the total investment, INR 120 crore was contributed by TGP, a private equity firm focused on India's consumption-led growth. The capital infusion will be deployed to strengthen Credit Wise Capital's presence in tier II to tier IV cities across India. The company plans to triple its assets under management (AUM) over the next three years, expand its secured lending portfolio, and enhance its proprietary technology stack to accelerate credit inclusion for underserved communities. "This capital will enable us to reach more customers, strengthen our tech stack, and bring formal finance closer to those who have been excluded for too long," said Aalesh Avlani, Co-founder of Credit Wise Capital. "Our mission has always been to make credit simple, fast, and human; and with Trident's support, we are ready to scale that promise and accelerate financial inclusion in Bharat." Founded in 2018 by Aalesh Avlani and Gurpreet Singh Sodhi, Credit Wise Capital offers two-wheeler loans, loans against property (LAP), and licenses its proprietary SaaS-based credit platform to other NBFCs and financial institutions. Operating through a 'phygital' model—combining physical networks with digital underwriting—the company has built a robust presence in over 215 cities across 10 Indian states. As of March 2025, the firm's AUM stood at INR 645 crore, a 32% increase from INR 489 crore the previous year. With over 200,000 two-wheeler loans disbursed and a healthy capital adequacy ratio of 31.2%, Credit Wise Capital is emerging as a key player in India's financial inclusion landscape. "We are delighted to welcome Trident Growth Partners as a strategic partner who shares our long-term vision," added Gurpreet Singh Sodhi. "Their investment reaffirms our belief in leveraging technology and disciplined operations to create a transformative impact on the lending ecosystem." Trident Growth Partners' Managing Partner Atul Gupta noted, "Credit Wise Capital represents exactly the kind of founder-led business we look to back—solving real-world problems with tech-enabled scale. We're proud to support their journey toward becoming a full-stack financial partner for emerging India." With this funding, Credit Wise Capital is poised to expand deeper into Bharat, offering affordable, tech-enabled financial solutions where they are needed most.
Time of India
6 days ago
- Business
- Time of India
Credit Wise Capital to raise Rs 200 crore through share sale
Credit Wise Capital (CWC), a non-bank lender with a focus on two-wheeler financing , is in the process of raising Rs 200 crore by selling shares in its first ever institutional investment . Bengaluru-based private equity fund Trident Growth Partners has led this funding round with Rs 120 crore for about 18% stake in 2019-born lending start-up, people aware said. The balance Rs 80 crore is being funded by large family offices and other investors. With this, CWC has expanded its net worth to Rs 275 crore. 'Trident Growth Partners is the first institutional investor on board, joining us as a long-term strategic partner,' Aalesh Avlani, co-founder of CWC, told ET. The capital will help the company grow business and strengthen its tech stack. Live Events This marks Trident Growth Partners' second investment in the non-banking space, managing partner Atul Gupta told ET. The private equity player raised Rs 1000 crore at the first close of its debut fund earlier this year. CWC, which started lending in 2021 with Mumbai as the first market, had Rs 646 crore assets under management at the end of March, up 32% from Rs 489 crore a year back. The company's capital adequacy ratio stood at 31.2%, with a gearing of 2.3x and the number of two wheelers financed had crossed over 200,000. "The aim is to take it to Rs 4,500 crore by March 2030 with a 50:50 split between two wheeler loans and micro loans against property," Avlani said. The company started offering Rs 5-10 lakh loans against property (LAP) to its existing borrowers only last month. "The two-wheeler will be the acquisition strategy. It'll be my high ROA product, and microlap will be my high AUM product," Avlani said. CWC follows a branchless model but its technology helped it to cater to customers in 215 cities across 10 states at present.
Economic Times
6 days ago
- Business
- Economic Times
Credit Wise Capital to raise Rs 200 crore through share sale
Credit Wise Capital, a two-wheeler financier, is securing Rs 200 crore through its initial institutional funding. Synopsis Credit Wise Capital (CWC), a two-wheeler financing-focused non-bank lender, is raising Rs 200 crore through its first institutional investment round led by Trident Growth Partners, who invested Rs 120 crore for an 18% stake. The funding will fuel business growth and enhance CWC's tech capabilities. Credit Wise Capital (CWC), a non-bank lender with a focus on two-wheeler financing, is in the process of raising Rs 200 crore by selling shares in its first ever institutional investment. ADVERTISEMENT Bengaluru-based private equity fund Trident Growth Partners has led this funding round with Rs 120 crore for about 18% stake in 2019-born lending start-up, people aware said. The balance Rs 80 crore is being funded by large family offices and other investors. With this, CWC has expanded its net worth to Rs 275 crore. 'Trident Growth Partners is the first institutional investor on board, joining us as a long-term strategic partner,' Aalesh Avlani, co-founder of CWC, told capital will help the company grow business and strengthen its tech marks Trident Growth Partners' second investment in the non-banking space, managing partner Atul Gupta told ET. The private equity player raised Rs 1000 crore at the first close of its debut fund earlier this year. ADVERTISEMENT CWC, which started lending in 2021 with Mumbai as the first market, had Rs 646 crore assets under management at the end of March, up 32% from Rs 489 crore a year company's capital adequacy ratio stood at 31.2%, with a gearing of 2.3x and the number of two wheelers financed had crossed over 200,000. ADVERTISEMENT "The aim is to take it to Rs 4,500 crore by March 2030 with a 50:50 split between two wheeler loans and micro loans against property," Avlani company started offering Rs 5-10 lakh loans against property (LAP) to its existing borrowers only last month. ADVERTISEMENT "The two-wheeler will be the acquisition strategy. It'll be my high ROA product, and microlap will be my high AUM product," Avlani said. CWC follows a branchless model but its technology helped it to cater to customers in 215 cities across 10 states at present. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Mint
22-04-2025
- Business
- Mint
India's mid-market gets a boost as Trident Growth launches ₹2,000 cr maiden fund
Mumbai: Trident Growth Partners, backed by Ranjan Pai's family office Claypond Capital, has launched its maiden fund with a corpus of ₹ 2,000 crore, which includes a green shoe option, to tap the under-served mid-market, or growth-stage companies, top officials at the investment firm told Mint in an interview. The fund aims to lead or co-lead the Series B+ investments in fast-growing companies, writing cheques of ₹ 150-170 crore for a significant minority stake. Although it is sector-agnostic, the growth stage private equity fund will invest in key themes such as consumer, financial services, enterprise technology, manufacturing, and healthcare. 'While it is very pertinent for us to be sector-agnostic, much of investments come under three broad buckets – consumption for the evolving middle class that includes categories like financial services, healthcare and education, secondly- the China+1 supply chain strategy and lastly, enterprise technology which involves make in India products for the world," Trident's managing partner Atul Gupta told Mint . Read more: Ex-NIIF executive director Padmanabh Sinha to launch new PE fund Founded by Gupta, Rajesh Ramaiah and Pravan Malhotra, Trident Growth, through its maiden fund, will invest in 10-12 companies that have strong unit metrics, and ability to deliver scale with a sustainable path to profitability. With a first close of ₹ 1,000 crore, the investment firm will exercise its green shoe option to raise an equivalent amount by the end of this year. While 20-30% of the capital is expected to come from international fund of funds and institutions, a bulk of the corpus is backed by domestic capital. Fund of funds is an investment strategy where a fund invests in other investment funds rather than directly in individual assets like debt or equity. In August, Mint first reported on Manipal group's chairman Ranjan Pai's interest to invest in the fund. Other startup founders of companies including Lenskart, PolicyBazaar, Persistent Systems, Livspace and KreditBee alongside sovereign fund of funds, Sidbi and Self Reliant India Fund (SRI), leading family offices and general partners of prominent funds have also invested in the fund. The new fund aims to bridge the gap for companies looking to raise their series B and C rounds. To be clear, the investor ecosystem is crowded with early-stage funds–through various institutions such as micro-VCs, high net worth individuals (HNIs) and other mainstream offices, and late-stage funds dominated by global players issuing larger cheques. 'This has left the mid-market stages with a lot of undisrupted potential, which is what we have identified as a play for ourselves to invest in," Ramaiah said. 'It is overall a nice position to be in as we have a good set of companies coming in and with the evolving late-stage buyout story, exits through other routes (such as secondaries) have also become quite conducive apart from the IPO-market," he added. Read more: On a platter: Rebel Foods gets $25 mn from Qatar Investment Authority for restaurant expansion The three partners will engage closely with portfolio companies by leveraging founder networks to provide mentorship along with an experienced operating partner network that will assist companies with key functional support as they scale up. The former executives of Premji Invest and International Finance Corporation have actively invested in several Indian startups that include Lenskart, Policybazaar, KreditBee, Myntra, Flipkart, Purplle, FirstCry, BigBasket, Amagi and Moglix among others. They also have a track record of exits with 14 unicorns (startups with a billion-dollar valuation) and 8 IPOs/M&A from their prior investments. Meanwhile, Trident has already completed its first investment in SaaS company Spotdraft's $54 million series B round alongside Vertex Growth earlier this year, and is in the final stages of closing its next investment. With a strong pipeline through the rest of the year, Malhotra said the fund will target an ownership of 8-20% in portfolio companies. 'We will back founders who want to build really solid businesses in a sustainable way and with lesser burn so they don't need to keep raising capital and can ultimately own higher ownerships," Gupta concluded.
