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

Fund II will maintain a strong focus on B2B tech and tech-enabled services, aiming to foster innovation and support high-potential startups in these sectors. The fund is dedicated to empowering visionary entrepreneurs, accelerating growth, and driving meaningful impact.

Triton has stated that Fund II will invest in pre-Series A and Series A rounds, with initial investments ranging from Rs 8–16 crore per company. The fund will continue to focus on B2B tech and tech-enabled services, with an emphasis on sectors like enterprise SaaS, SMB tech, agentic AI, deeptech, and tech-enabled services.

Before this announcement, Triton Fund I 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, the firm aims to execute its vision for Fund II.

The Mumbai-based VC firm states that it has built a strong reputation for its deep expertise in technology-driven enterprises and a nuanced understanding of the Indian startup ecosystem. Triton also claims to have achieved a 100% success rate.

Triton is an early-stage venture capital firm that invests in B2B tech and tech-enabled businesses with high-growth potential. With a robust investment philosophy and a hands-on approach, it has backed companies such as Recykal, ZingHR, CamCom, and Bizom, among others.