Trifecta Capital announces launch of Debt Fund
- ByAyushi Ray | September 1, 2021
Trifecta Capital announces launch of Debt Fund – III, which has a target fund of Rs 1,000 crore ($133 million) and a greenshoe option of Rs 500 crore ($67 million) — will be the largest in the series of venture debt funds managed by the firm. It aims to serve the rapidly growing financing opportunities for Indian startups, with a focus on investing in B2B marketplaces, D2C brands, and SaaS startups. In 2021 alone, the Indian startup ecosystem has seen 24 new entrants to the unicorn club, and has attracted $26 billion in equity financing in the first eight months of 2021. Trifecta Capital aims to complete the first close in CY 2021 and begin deployment simultaneously with a healthy pipeline of credit opportunities that have already been identified.
“The startup ecosystem didn’t skip a beat with COVID-19. As an ecosystem we have lived through everything that could not be put in an excel sheet. As a venture debt fund we have put in Rs 2,200 crore across 80 companies. We have over 11 unicorns in our portfolio, and probably we will have 10 more in the next 12 months. This creates a great feedback loop and reference,” said Rahul Khanna, Managing Partner, Trifecta Capital. He added, “As capital becomes a commodity, Net Promoter Score (NPS), becomes important in our business as well.” Trifecta Capital pioneered the nascent asset class of venture debt funds in 2015 by financing early-growth and growth-stage startups via the country’s first venture debt fund
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