India’s Trifecta Capital has successfully concluded the final close of its third venture debt fund, Trifecta Venture Debt Fund III, raising a total of $213 million (approximately Rs 1,777 crore).
The fund was launched in 2021 and has been oversubscribed, surpassing its initial target of $200 million.
Trifecta Capital is a leading venture debt provider in India, with a focus on providing debt capital to high-growth startups in the country.
The firm has been successful in raising funds from a diverse set of investors, including domestic and international institutions, family offices, and high net worth individuals.
The final close of Fund III marks a significant milestone for Trifecta Capital, as it brings the total amount of venture debt raised by the firm to over Rs 5,000 crore cumulatively across all its venture debt funds.
The firm has already invested Rs 1,500 crore in the last 21 months, demonstrating its commitment to supporting the growth of Indian startups.
Understanding Trifecta Capital
Trifecta Capital is a leading venture debt provider in India that offers customised debt financing solutions to start-ups and emerging companies.
The firm was founded in 2014 by Rahul Khanna and Nilesh Kothari, who are both experienced venture capitalists and entrepreneurs.
Trifecta Capital’s primary focus is on providing venture debt, which is a form of debt financing that is structured to complement equity financing.
This type of financing is particularly useful for start-ups and emerging companies that require capital to grow their businesses but do not want to dilute their equity.
The firm’s team of experienced professionals has a deep understanding of the Indian start-up ecosystem and leverages its extensive network to provide value-added services to its portfolio companies.
Trifecta Capital has a strong track record of supporting high-growth companies across a range of sectors, including technology, healthcare, consumer, and financial services.
As of September 2023, Trifecta Capital has marked the final close of its third debt fund at $213 million (Rs 1,777 crore), making it the largest venture debt fund in India. The firm’s third fund has already invested Rs 1,500 crores in the last 21 months, and over Rs 5,000 crores of venture debt cumulatively across all its venture debt funds.
Rahul Khanna, Managing Partner at Trifecta Capital, has stated that the firm’s focus is on providing flexible and customised debt solutions to its portfolio companies. He has also emphasised the importance of building long-term relationships with its portfolio companies and supporting their growth through various stages of their lifecycle.
In addition to venture debt, Trifecta Capital also provides equity financing to select companies through its Trifecta Leaders Fund. The fund invests in high-growth companies that have demonstrated a strong track record of growth and profitability.
Overall, Trifecta Capital’s expertise in venture debt and equity financing, combined with its extensive network and deep understanding of the Indian start-up ecosystem, make it a valuable partner for emerging companies looking to grow their businesses.
