India, April 22 -- Growth stage-focussed private equity firm Trident Growth Partners has marked the first close of its maiden fund at over INR 1,000 Cr.

The fund aims to hit the final close at INR 2,000 Cr by this year end.

Launched by former Premji Invest partners Atul Gupta and Rajesh Ramaiah, along with Malacca Ventures' former investment executive Pravan Malhotra, Trident Growth Partners plans to invest in 10-12 companies over the next four years.

The fund will focus on Series B and late stage startups, also picking up minority stakes.

"These will be mostly lead or co-lead checks, with ticket sizes in the INR 150-200 Cr range. We'll reserve capital for follow-ons in years four and five, and aim to build a concentrated, high-convic...