Trifecta Capital $400M Venture Debt Benefits More Than 100 Startups

Trifecta Capital announced today that it has invested $400 Million ( approx Rs 3100 Cr) across 101 startups through its three, Fund-I, Fund-II, and Fund-III venture debt funds. This is in addition to the firm’s commitments to invest over Rs 900 Cr in FY23 across a selection of companies, and another Rs 800-1,000 crore of new investments planned for FY23.

The fund, which was founded in 2016, is now in it’s seventh year and has delivered consistent returns on a quarterly basis through some very challenging years for the Indian economy. It expects to cross Rs 4,500 crore of debt capital invested within the next 12 months.

Rahul Khanna, Managing Partner at Trifecta Capital, said, “We are privileged to have played a critical role in deepening the capital ecosystem for some of India’s best new businesses. While Rs 3,100 crore is a significant milestone for our debt investments, our aspirations are only higher from here onwards.”

“We continue to find innovative ways to partner with exciting new companies as well as double down on our fantastic existing relationships. With a strong team and on-ground presence in the three key venture markets of Delhi-NCR, Bengaluru, and Mumbai, we expect to invest the same cumulative amount in the next two years as compared to the past seven,” Khanna added.

Trifecta Capital owns a portfolio of 21 Unicorns and 12 Soonicorns

Trifecta Capital portfolio includes 21 unicorns and more than 12 soonicorns, with marquee businesses including Big Basket, Pharmeasy, CARS24, Vedantu, MyGlamm, Infra.Market, ShareChat, Dailyhunt, UrbanCompany, CarDekho, Blackbuck, Ninjacart, NoBroker, Dehaat, Turtlemint, Servify, Livspace, and Fashinza amongst several others. Trifecta Capital’s venture debt portfolio has cumulatively raised $12.5 billion of equity, and is cumulatively valued at $48 billion.

The firm aims to utilise the capital pool to continue backing portfolio companies farther into their growth journey, through multiple follow-on investments and the ability to underwrite larger investments.

Trifecta Capital serves the fast-growing financing opportunities for Indian startups. The ecosystem saw 14 new entrants to the unicorn club and has attracted $12 billion in equity financing in January – March 2022.

On November 15, 2021, Trifecta Capital had announced the first closing of its third venture debt fund, Trifecta Venture Debt Fund – III, having secured investor commitments of Rs 750 crore within two months. The fund, with a target corpus of Rs 1,000 crore, as well as an additional green shoe option of Rs 500 crore, is the largest in the series of venture debt funds managed by the firm.

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