Thursday, 1 August 2024, Bengaluru, India
Trifecta Capital is a venture capital firm that announced its plans to launch the Rs 2,000 crore fourth fund including a green shoe option of Rs 500 crore. The startup intends to use these funds to help small businesses. The venture debt round saw participation from several new and existing investors. The startup plans to deploy these funds on the leading businesses in different sectors. The VC firm counts BigBasket, BlueStone, and Atomberg as its portfolio companies.
Earlier this year, the Venture debt company invested Rs 75 crore in a jewelry startup Bluestone. The investment was made to help the startup boost its sales, and scale its business operations while enabling the company to achieve its market expansion plans. This company also plans to use this fund raised from Trifecta to use it with the upcoming pre-IPO round and prepare for public listing. After this round, the lending tech startup RING received a Rs 100 crore investment from this venture capital firm in April. The company is reported to have invested around Rs 6,000 crore in over 180 startups from its three funding rounds to date.
The firm was founded by Rahul Khanna and Nilesh Kothari to provide financial solutions to growth stage and early-stage companies. Venture Capital focuses on category-leading businesses with strong financial strength and equity investors backing them up, helping in the strong growth of the asset class. Trifecta Capital announced the final close of its Trifecta Venture Debt Fund III at Rs 1,777 crore. The first close of the third venture debt fund was made in November 2021 after the fund surpassed the initial target of Rs 1,500 crore.
The company claims to be the leading alternate financial platform for small companies and startups across their life cycle in India. This venture capital firm has investors such as Meesho, Urban Company, Zepto, and Bluestone. The CEO and managing partner of Trifecta Capital, Khanna mentioned that the company plans to invest this fund across different sectors while staying away from risky sectors such as gaming and the cryptocurrency sector. The company mentioned the total write-offs remain at 0.6 percent of its investments. The VC firm faces competition from other venture debt companies such as InnoVen Capital, Stride Ventures, and Altera Capital. Trifecta has invested in over 30 unicorns since its inception.
Conclusion:
The Venture Capital firm Trifecta Capital provides financial solutions to growth and early-stage startups. The company announced its plans to launch a 240 million USD fourth venture debt fund including a green shoe option of Rs 500 crore. The company claims to have invested Rs 6,000 crore in around 180 startups including 30 unicorns since its inception. The company intends to make investments in startups across different sectors while staying away from risky sectors like gaming. Trifecta Capital previously launched a third debt fund which made a final close for Rs 1,777 crore. The final close was made after the fund crossed its initial target of Rs 1,5000 crore.
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