TGP Leads Rs 200 Crore Funding Round in CWC, Boosting Two-Wheeler & MSME Lending
Trident Growth Partners (TGP) has led a Rs 200 crore funding round in Credit Wise Capital (CWC), a non-banking financial company (NBFC) specialising in two-wheeler and MSME lending. The round, which marks CWC's first institutional capital one raise, was joined by prominent family offices and private investors contributing Rs 80 crore.
CWC, founded in 2019, operates a tech-driven, branchless model serving over 215 cities across 10 Indian states. As of March 2025, it had financed over 200,000 two-wheelers and managed assets worth Rs 645 crore. The company plans to use the new funds to expand its business operations and scale its fintech lending platform.
TGP's Rs 120 crore infusion represents an approximately 18% stake acquisition in CWC. Atul Gupta, Managing Partner at TGP, praised CWC's 'phygital' distribution approach, quality underwriting, and customer experience. CWC has also introduced Rs 5-10 lakh loan products secured by property, exclusively for existing customers.
With this funding, CWC aims to reach Rs 4,500 crore in assets under management by March 2030, evenly split between two-wheeler loans and micro-loans against property. The company's strong financial discipline is evident in its capital adequacy ratio of 31.2% and gearing ratio of 2.3x. TGP's investment signals confidence in CWC's growth potential in the NBFC sector.
