Venture capital firm Triton has announced the first close of its second fund, targeting a total corpus of Rs. 240 crore ($28 million), over five times the size of its first fund.

Fund II will continue to focus on B2B tech and tech-enabled services, aiming to support innovative startups and accelerate their growth. Triton plans to invest in Pre-Series A and Series A rounds, with initial investments ranging from Rs. 8 to Rs. 16 crore per company. Key sectors of interest include enterprise SaaS, SMB tech, agentic AI, deeptech, and tech-enabled services.

Previously, Triton Fund I invested across enterprise SaaS, AI, B2B marketplaces, and marketing services, backing transformative startups in India’s tech ecosystem. As Fund I nears completion with strong returns and positive investor sentiment, the firm is now looking to implement its vision for Fund II.

Based in Mumbai, Triton has established a strong reputation for its expertise in technology-driven enterprises and deep insights into the Indian startup landscape. The firm claims to have maintained a 100% success rate in its investments.

Triton specializes in early-stage funding for B2B tech and tech-enabled businesses with high growth potential. With a strategic investment approach and hands-on engagement, the firm has supported startups such as Recykal, ZingHR, CamCom, and Bizom. Fund II aims to further drive innovation, empower visionary entrepreneurs, and make a lasting impact on India's startup ecosystem.

With this new fund, Triton seeks to expand its portfolio, strengthen industry partnerships, and continue fostering high-potential startups that drive long-term technological advancements.