Triton VC launches ₹120 crore Fund II to fuel B2B tech growth in India

By Pune Media On Feb 10, 2025

Mumbai-based VC firm Triton has announced the first close of its second fundraising ₹120 crore out of a targeted ₹240 crore ($28 million). The new fund is over five times larger than its predecessor and will continue to focus on business-to-business (B2B) technology and tech-enabled services.

Triton Fund II will invest in pre-Series A and Series A rounds, with initial investments ranging from ₹8–16 crore per company. The fund will maintain its core focus on B2B Tech and tech-enabled services, prioritizing sectors such as Enterprise SaaS, SMB Tech, Agentic AI, DeepTech, and Tech-enabled Services.

Mumbai-based VC fund will maintain a strong focus on enterprise SaaS, artificial intelligence, B2B marketplaces, and marketing services. Triton Fund I successfully invested across Enterprise SaaS, AI, B2B marketplaces, and marketing services, supporting businesses in India’s tech landscape.

As Fund I nears completion with strong returns and high investor confidence, the firm aims to execute its ambitious vision for Fund II.

Pradyumna Dalmia, Managing Partner at Triton, expressed his excitement, stating: “Triton Fund II reflects our dedication to driving innovation in B2B Tech and supporting the next generation of transformative companies in India. With the strong performance of Fund I, we are well-positioned to build on our success and create significant value for both our investors and portfolio companies.”

Companies from Triton Fund I have successfully raised follow-on funding, including Recykal, ZingHR, CamCom, and others.

With shifting market dynamics, Dev Raman, Partner at Triton, highlighted: “With the funding euphoria behind us, we are now seeing high-quality founders adopting a more prudent approach to capital. We believe this will lead to a new wave of companies with strong economic foundations. At Triton, we aim to provide patient capital and strategic support to help these businesses scale and succeed.”

Published on February 10, 2025

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}

_{Aggregated From –}

_{Source link}