VC fund (Cat II) · SEBI registry
PARAGON PARTNERS GROWTH FUND
Growth (Series C+) · Financial services (non-tech) · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Financial services (non-tech)
- City
- Mumbai
- HQ / office
- Kalina, Santacruz East, Mumbai, Maharashtra
- Fund registered
- 2015
- Investments on record
- 4
- Corpus (as reported)
- ~US$200M+ across firm (per firm/Tracxn, year not dated)
- Website
- www.paragonpartners.in
- Profile ↗
About
Paragon Partners is a Mumbai-based Indian mid-market private equity firm founded in 2015. The Growth Fund (and Growth Fund II) is its Category II PE/growth-equity vehicle investing in lower-mid-market Indian companies.
Investment focus
Mid-market / growth private equity in India; sectors: consumer discretionary, financial services, infrastructure services, industrials and healthcare services. Cat II growth-fund flagship (incl. Fund II).
Cheque size
~USD 10-20 million per deal (approx INR 67-134 Cr); fund targets 10-15 mid-market companies
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/15-16/0167
- IN/AIF2/18-19/0622
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: Paragon Partners Growth Fund II
Yes — on official SIDBI FFS supported-AIF list (Paragon Partners Growth Fund II)
Notable portfolio
Maini Precision Products; InCred Finance; Capacit'e Infraprojects; Chai Point; mCaffeine; TruCap Finance
Team & organisation
~3 senior partners (Siddharth Parekh, Sumeet Nindrajog, Niten Lalpuria) plus investment team
Category II AIF — Paragon Partners Growth Fund (debut mid-market PE fund, ~USD 120m); managed by Paragon Partners platform, Mumbai (multi-fund manager)
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Frequently asked
- What does PARAGON PARTNERS GROWTH FUND invest in?
- Mid-market / growth private equity in India; sectors: consumer discretionary, financial services, infrastructure services, industrials and healthcare services. Cat II growth-fund flagship (incl. Fund II).
- What cheque size does PARAGON PARTNERS GROWTH FUND write?
- As compiled from public sources: ~USD 10-20 million per deal (approx INR 67-134 Cr); fund targets 10-15 mid-market companies
- How do I pitch PARAGON PARTNERS GROWTH FUND through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ PE (Cat II) — mid-market private equity, not early-stage startup VC
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.paragonpartners.in/; https://www.privateequityinternational.com/paragon-partners-raises-120m/