Triton VC Targets Rs 240 Crore for Second Fund, Five Times Larger Than First Fund
Venture capital firm Triton has announced the first close of its second Fund, targeting a total corpus of Rs 240 crore ($28 million). The new Fund represents a significant scaling up of the firm's investment capacity, with a corpus more than five times larger than its first Fund.
Investment Strategy
Fund II will focus on pre-Series A and Series A investments, with planned investments of:
- Rs 8-16 crore per company
- Primary focus on B2B tech and tech-enabled services
- Key sectors including:
- Enterprise SaaS
- SMB tech
- Agentic AI
- Deeptech
- Tech-enabled services
Track Record
The Mumbai-based VC firm has built a strong portfolio through its first Fund, which invested in:
- Enterprise SaaS
- Artificial Intelligence
- B2B marketplaces
- Marketing services
Triton claims a 100% success rate with its investments, having backed successful companies including:
- Recykal
- ZingHR
- CamCom
- Bizom
Future Vision
With Fund I nearing completion and reportedly generating strong returns, Triton aims to leverage its expertise in technology-driven enterprises and deep understanding of the Indian startup ecosystem to support the next generation of B2B tech entrepreneurs. The firm maintains its hands-on approach to portfolio companies while scaling up its investment capacity to meet growing market opportunities.