IFC to invest $25 Mn in Trifecta Capital’s fourth venture debt fund

The International Finance Corporation (IFC), part of the World Bank Group, will invest up to $25 million in Trifecta Capital’s fourth venture debt fund.

The fund offers debt financing to Series A and later-stage startups, focusing on EVs, financial services, climate tech, AI infrastructure, manufacturing tech, and agritech. It also plans to expand into consumer, education, and healthcare sectors.

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IFC said the investment aligns with its strategy to attract private capital, support digital innovation, and promote private sector-led growth that creates jobs.

Trifecta Capital launched its fourth fund on August 1, 2024, targeting up to ₹2,000 crore ($240 million), including a ₹500 crore greenshoe option. The fund held its first closure on January 30.

“Providing more funding options to innovative startups, including flexible, cost-effective mechanisms like venture debt, is essential for India’s economic growth and job creation,” said Farid Fezoua, IFC global director for disruptive technologies, services and funds.

“IFC has been investing in India for many years. When you bring IFC into a fund, it sends a clear signal to other development finance institutions that this manager and strategy are of a certain quality and scale,” managing partner Rahul Khanna.

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About Trifecta Capital 

Founded in 2015 by Rahul Khanna and Nilesh Kothari, Trifecta Capital has raised ₹5,400 crore across four venture debt funds and one growth equity fund, deploying around ₹8,700 crore across 220+ companies. 

It has invested in 30+ unicorns, including meesho, Zepto, and Urban Company.

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