Triton VC Firm Announces First Close of Second Fund Targeting Rs 240 Crore

Triton, a prominent venture capital firm, has disclosed the first close of its second fund, which aims for a total capital of Rs 240 crore ($28 million). This amount is over five times greater than the firm’s initial fund.

Focus on B2B Tech and Tech-Enabled Services

This new fund will retain a strong emphasis on B2B tech and tech-enabled services, with the goal of fostering innovation while supporting high-potential startups within these domains. Fund II seeks to empower visionary entrepreneurs, enhance growth, and create a significant impact.

Investment Strategy

Triton has stated that Fund II will focus on pre-Series A and Series A investments, with initial funding ranging from Rs 8–16 crore per company. The fund will keep its primary focus on B2B tech and tech-enabled services, highlighting sectors such as enterprise SaaS, SMB tech, agentic AI, deeptech, and tech-enabled services.

Track Record of Fund I

Before this announcement, Triton Fund I made investments across enterprise SaaS, AI, B2B marketplaces, and marketing services, thereby supporting transformative firms in India’s technological landscape. As Fund I moves towards completion with robust returns and strong investor confidence, the firm is eager to realize its goals for Fund II.

Reputation and Success Rate

The Mumbai-based VC firm has cultivated a solid reputation for its extensive expertise in technology-driven enterprises and a detailed understanding of the Indian startup ecosystem. Triton also asserts that it has achieved a 100% success rate in its investments.

Investment Philosophy

Triton is an early-stage venture capital firm that supports B2B tech and tech-enabled companies with high growth potential. Through a strong investment philosophy and an active approach, it has backed firms such as Recykal, ZingHR, CamCom, and Bizom, among others.