Early-Stage B2B Tech Fund, Triton, Announces First Close of Fund II at INR 120 Crores
its second fund, targeting a total corpus of INR 240 crores ($28 million), which is more than 5x larger than its first fund. This fund will continue to maintain a strong focus on B2B Tech and tech-enabled services and aims to drive innovation while backing high-potential startups in these sectors.
Triton Fund I successfully invested across Enterprise SaaS, AI, B2B marketplaces, and marketing services, supporting transformative businesses in India’s tech landscape. As Fund I nears completion with strong returns and high investor confidence, Triton is well-positioned to execute its ambitious vision for Fund II.
Fund I details-
| Company | Description | Year Founded | Industry | Location | Funding Stage | Investors | Revenue (in Cr) |
|---|---|---|---|---|---|---|---|
| Bizom | Provider of retail intelligence platform for brands and B2B retailers | 2008 | Retail, Consumer Goods | Bengaluru | Series B | - | 64 |
| ZingHR | Cloud-based suite solutions for HR management | 2002 | Enterprise Applications | Mumbai | Series B | - | 59 |
| Recykal | Online platform offering marketplace solutions for waste | 2015 | Environment Tech, Recycling | Hyderabad | Series A | - | 55 |
| CamCom | AI-powered vehicle inspection solutions for automotive industry | 2018 | Auto Tech, AI | Bengaluru | Seed | - | 47 |
| Jumboking | Chain of limited service restaurant serving vegetarian burgers | 2001 | Food and Agriculture | Mumbai | Series A | - | 31 |
| Ethinos | Provider of digital marketing services | 2017 | Business Services | Mumbai | Funding Raised | - | - |
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.”
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.”
Triton Fund II will invest in pre-Series A and Series A rounds, with initial investments ranging from INR 8–16 crores 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.
Headquartered in Mumbai, Triton has built a strong reputation for its deep expertise in technology-driven enterprises and a nuanced understanding of the Indian startup ecosystem. The firm prides itself on achieving a 100% success rate i.e. no delinquency across its portfolio—an exceptional feat in the investment landscape.
About Triton
Triton is an early-stage venture capital firm that backs B2B Tech and tech-enabled businesses with high-growth potential. With a strong investment philosophy and a hands-on approach, Triton has supported companies like Recykal, ZingHR, CamCom, and Bizom, among others.
As Triton embarks on this next chapter, Fund II is set to empower visionary entrepreneurs, accelerate growth, and drive meaningful impact in India’s tech ecosystem.
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