Triton VC Announces First Close Of Fund II At Rs 240 Cr

Venture capital firm Triton has announced the first close of its second fund, aiming for a total of Rs 240 crores (USD 28 million), more than five times the size of its first fund.

Triton Fund II will focus on B2B tech and tech-enabled services, investing in pre-Series A and Series A rounds, with initial investments ranging from Rs 8–16 crores per company.

The fund will focus on sectors like Enterprise SaaS, SMB Tech, Agentic AI, DeepTech, and Tech-enabled Services, building on the success of Triton Fund I, which supported businesses in AI, Enterprise SaaS, and B2B marketplaces. With strong returns and growing investor confidence, Triton is set to expand its impact on India's tech ecosystem.

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Pradyumna Dalmia, Managing Partner at Triton, said, “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 create significant value for both our investors and portfolio companies."

Dev Raman, Partner at Triton, said, “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." 

About Triton

The Mumbai-based VC firm Triton, is known for its strong expertise in technology-driven businesses and a deep understanding of the indian startup scene. Triton also claims to have achieved a 100% success rate.

As an early-stage venture capital firm, Triton invests in B2B tech and tech-enabled businesses with high growth potential. With a solid investment philosophy and a hands-on approach, it has supported companies like Recykal, ZingHR, CamCom and Bizom, among others.

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