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Fund III closed at Rs 1,777 Cr by Venture debt firm Trifecta Capital

Trifecta Capital, a provider of venture debt, has announced that its third venture debt fund, Trifecta Venture Debt Fund III, has reached its final close at Rs 1,777 crore. Oversubscription allowed the fund to raise more money than its original goal of Rs. 1,500 crores.

The fund’s initial close happened in November 2021.

Trifecta claims that since its first close in November 2021, it has already invested Rs 1,500 crore in more than 50 startups. Among the startups that have received funding from the third fund are Zepto, The Good Glamm Group, Kissht, Rebel Foods, Cashfree Payments, Bira, Infra.Market, Udaan, Arzooo, Globalbees, and Eatfit.

The company asserts that the startups in its portfolio have seen median annual revenue growth rates of 60%.

Trifecta, a company founded in 2014 by Rahul Khanna and Nilesh Kothari, offers specialized financing to companies in a variety of industries, including B2B, consumer services, consumer brands, e-commerce, mobility, edtech, agritech, fintech, cleantech, software, and healthcare.

With the closing of the third fund, Trifecta Capital has now invested in over 150 startups while raising nearly Rs 5,000 crore in total across its three venture debt funds and one growth equity fund.

 

 

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