Trident Growth Partners has invested Rs 120 crore ($14 million) in Credit Wise Capital. Separately, four major private equity funds are said to have shown interest in picking up a significant minority interest in Axis Finance.
Trident Growth Partners invests $14m in Credit Wise Capital
Trident Growth Partners (TGP), an India-focused growth-stage private equity firm, has invested Rs 120 crore ($14 million) in Mumbai-based non-banking financial company Credit Wise Capital (CWC), leading a Rs 200-crore ($24 million) funding round.
The deal marks the second major deployment from TGP’s debut fund, which has a target corpus of Rs 2,000 crore, and the first institutional investment for Credit Wise Capital.
With the newly raised funds, the firm plans to expand in India’s Tier 2–4 cities, particularly in the two-wheeler and MSME lending segments.
Founded by Aalesh Avlani and Gurpreet Singh Sodhi, the NBFC currently operates across 215 cities in 10 states and had an asset base of Rs 645 crore as of March 2025, up from Rs 489 crore the previous year.
Blackstone, Advent, EQT, Kedaara show interest in Axis Finance
Four major private equity funds have shown interest in picking up a significant minority interest in Axis Finance, according to Money Control.
Blackstone, Advent, EQT and Kedaara have placed non-binding bids to acquire around 20% stake in the Axis Bank-promoted non-bank lender, the report said.
Morgan Stanley is said to be managing the divestment process on behalf of Axis Bank.
