Powered by

Advertisment
Home Funding News

Trifecta Capital Announces First Close of Rs 2,000 Cr Fund-IV For Over 100 Startups

Venture debt firm Trifecta Capital announced the first close of its Fund-IV on Thursday, aiming to raise Rs 2,000 crore (around $230 million) to invest in over 100 domestic companies.

By Jitendra Das
New Update
Trifecta Capital Announces First Close of Rs 2,000 Cr Fund-IV For Over 100 Startups

Venture debt firm Trifecta Capital announced the first close of its Fund-IV on Thursday, aiming to raise Rs 2,000 crore (around $230 million) to invest in over 100 domestic companies.

The venture debt firm plans to announce the final close of the fund by the end of this year.

The Trifecta Venture Debt Fund IV also has a greenshoe option of INR 500 Cr. It will invest in over 100 startups, with an average investment size of Rs 25 Cr to Rs 30 Cr.

Read also- Swiggy's Compliance Officer M Sridhar Steps Down

Trifecta Capital’s managing partner Rahul Khanna, said, “We expect to keep raising, including offshore, as there seems to be greater interest in private credit/venture debt as well as the fact that we have a significant track record."

“The fund will also actively explore opportunities in emerging sectors like renewable energy, climate and sustainability, which are now soliciting mainstream capital and are poised for significant growth in the coming decade,” the statement said.

The firm launched the fund in August last year, hoping to attract interest from global financial institutions, domestic conglomerates, banks, insurance companies and development financial institutions.

In a statement, Trifecta Capital said that through Fund-IV, it plans to invest in over 100 companies, focusing on sectors like fintech, electric vehicles, consumer products, logistics, new-age manufacturing, B2B services and software and hardware tech startups.

About Trifecta Capital

Founded in 2016 by Rahul Khanna and Nilesh Kothari, Trifecta provides non-dilutive financing solutions to early and growth-stage companies. The firm says it has invested INR 6,500 Cr in 180 startups through its three funds since it started.

Trifecta's portfolio includes companies like ixigo, BlackBuck, and MobiKwik, which went public last year. It also claims to have over 50 unicorns and soonicorns in its portfolio, including BigBasket, BlueStone, Country Delight, Cars24, Rebel Foods, Shadowfax, CarDekho, CureFit, Meesho, PaperBoat, Urban Company, Zepto and more.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Funding and StoriesDiscover Funding Trends and Stories Shaping Indian Startups.

Startup Funding NewsYour Gateway to Every Funding Update.

Latest Startup NewsStay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup StoriesDiscover inspiring tales of startups overcoming challenges and achieving success.