Trident Growth Partners Invests Rs 120 Crore in Credit Wise Capital

Trident Growth Partners (TGP), a firm specialising in growth-stage private equity, has declared a significant investment of Rs 120 crore in Credit Wise Capital (CWC). This investment is part of a larger fundraising effort amounting to Rs 200 crore, which marks the first institutional funding for the Mumbai-based non-banking financial company (NBFC).

This investment represents the second allocation from TGP’s inaugural fund, valued at Rs 2,000 crore. The capital raised will support the expansion of Credit Wise Capital’s secured lending portfolio, facilitate enhancements to its proprietary SaaS lending platform, and strengthen its presence in underserved tier II to IV cities.

Insight into Credit Wise Capital

Credit Wise Capital was established by Aalesh Avlani and Gurpreet Singh Sodhi, focusing primarily on two-wheeler financing and MSME lending. The company has established a solid presence in 215 cities across 10 Indian states.

Distribution Model

CWC employs a ‘phygital’ distribution approach, which effectively blends physical networks with digital underwriting. This model aims to alleviate credit friction for India’s burgeoning middle class. As of March 2025, the NBFC boasts an impressive asset base of Rs 645 crore, showing substantial growth from Rs 489 crore the previous year, alongside a robust capital adequacy ratio of 31.2%.

Impact on Small-Town India

Credit Wise Capital has successfully financed over 200,000 two-wheelers, which plays a pivotal role in enhancing credit access in small-town India. Trident Growth Partners had previously secured over Rs 1,000 crore in commitments during the initial closing of its debut fund earlier this year, with support from various institutions, family offices, and over 30 distinguished founders.