Trifecta Capital has announced closing its third venture debt fund, Trifecta Venture Debt Fund III, at INR 1,777 crore. The fund made more outstanding commitments than its original target of INR 1,500 crore.
The Good Glamm Group, Zepto, Rebel Foods, Infra.Market, Udaan, and Globalbees are just a few companies in which the third fund has already invested.
“The credit quality of the portfolio of Trifecta Venture Debt Fund-III is exemplary, with 40% of the fund’s portfolio companies having already raised follow-on equity financing within just 21 months since the first investment, despite a broader funding slowdown. Furthermore, the median revenue growth rates in investee companies are very healthy at 60%-plus annually,” Rahul Khanna, co-founder and managing partner of Trifecta, said.
Rahul Khanna and Nilesh Kothari founded venture debt firm Trifecta Capital in 2015.
Khanna claims that the company will also seek out funding for its second growth equity fund in the upcoming year. It had raised 1,500 crore last year at the final close of Trifecta Leaders Fund-I, its first equity fund, to invest in growth-stage startups.
About Trifecta Capital
Trifecta Capital is the venture financing platform in India, offering financial advisory, credit, and growth equity products with a combined AUM of more than $600 million.
As they create the iconic institutions of the upcoming decades, they are dedicated to collaborating with exceptional entrepreneurs in the area throughout the lifecycle of their startups.