Credit Wise Bags ₹120 Cr From Trident Growth Partners to Expand NBFC Reach

Trident Growth Partners, an Indian private equity firm focused on growth stage investments, has announced a ₹120 crore investment to lead the funding round in Mumbai-based NBFC Credit Wise Capital. The non-banking financing company provides loans for two-wheelers and to MSMEs (micro, small and medium enterprises).

This marks Trident’s second major investment from its maiden fund, with a target size of ₹2,000 crore. The fund invests in category lending growth stage companies across India. The latest investment is a part of 200 crore funding round and represents Credit Wise Capital’s first institutional capital raise.

“This is a pivotal milestone for TGP and a clear reflection of our investment thesis to partner with founder-led, high-growth companies driving real impact in India’s consumption and financial ecosystems,” said Atul Gupta, Managing Partner, Trident Growth Partners.

“We were particularly impressed by CWC’s phygital distribution model, disciplined book quality, and deep focus on customer experience. In addition to creating tremendous value for all key stakeholders, this investment will drive financial penetration, as it provides much needed access to finance for Bharat’s next 500 million consumers,” he added.

Credit Wise Capital currently manages an asset base of ₹645 crore (as of March 2025), up from ₹489 crore in March 2024, with a capital adequacy ratio of 31.2%. The company has financed over 200,000 two-wheelers and has established a strong presence across 215 cities in 10 Indian states.

This fresh capital will be used to significantly grow its assets under management over the next three years, expand into other secured lending segments, and strengthen its proprietary technology platform that enables real-time, customer-focused credit experiences for underserved communities.

Speaking about the investment, Rajesh Ramaiah, Managing Partner, Trident Growth Partners, said, “Alongside capital, TGP will serve as a long-term partner to CWC, supporting the company with governance, strategic inputs, and access to its ecosystem of operating advisors and founder networks. We see a long runway ahead for them to become a full-stack financial partner to India’s emerging middle class.”

This investment reinforces Trident Growth Partners’ strategy of backing companies across sectors that are driving the next phase of India’s growth story, be it in consumption, financial services, healthcare, or manufacturing.

The firm secured over ₹1,000 crore in commitments in the first close of its debut fund earlier this year, backed by leading family offices, institutions, and more than 30 seasoned founders who have built and scaled businesses in India and beyond.