VC fund (Cat II) · SEBI registry
Paragon Partners Trust
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
- 2025
- Investments on record
- 6
- 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. Paragon Partners Trust is one of its Category II AIF vehicles investing in lower-mid-market Indian companies. Registered SEBI contact for this trust is Sumeet ([contact on file]).
Investment focus
Mid-market / growth private equity in India; sectors: consumer discretionary, financial services, infrastructure services, industrials and healthcare services.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/25-26/2043
SIDBI Fund of Funds
None found — Paragon Partners Growth Fund-I (~US$120M) discloses 'a development financial institution' among its LPs but does not name SIDBI; it is a mid-market PE firm, not a confirmed SIDBI FFS / startup-fund-of-funds recipient
Notable portfolio
Maini Precision Products; InCred Finance; Capacit'e Infraprojects; Chai Point; mCaffeine; TruCap Finance
Team & organisation
~6 senior partners/advisors listed (Siddharth Parekh, Sumeet Nindrajog co-founders; Niten Lalpuria partner; plus advisory board); LinkedIn shows 11-50 employees
Trust-based Category II AIF (mid-market private equity), managed by Paragon Partners; multi-fund PE platform
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Frequently asked
- What does Paragon Partners Trust invest in?
- Mid-market / growth private equity in India; sectors: consumer discretionary, financial services, infrastructure services, industrials and healthcare services.
- How do I pitch Paragon Partners Trust 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://in.linkedin.com/company/paragon-partners-in