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Trifecta Capital announced first close of venture debt fund-III at Rs 750 Cr

Venture debt firm Trifecta Capital has announced the first close of its third venture debt fund – Trifecta Venture Debt Fund – III – with investment commitment worth INR 750 Cr. Trifecta Capital claims that the fund has a target corpus of INR 1,000 Cr and a green shoe option of INR 500 Cr. Intends to utilise funds to continue backing portfolio companies farther into their growth journey, focusing more on SaaS, D2C, B2B commerce, fintech, ecommerce sellers, etc.

Trifecta Capital has committed over INR 2,700 Cr of credit in more than 85 startups across its prior debt funds, and an additional INR 750 Cr of equity in 7 startups from its equity fund. It counts portfolios such as 15 unicorns and more than 12 soonicorns. Itrs portfolio has cumulatively raised US$ 9.5 billion of equity and is collectively valued at US$ 40 billion.

Trifecta Capital

Trifecta Capital has raised Rs 750 crore towards the first close of its third fund, Trifecta Venture Debt Fund, within two months of launch.

The fundraising comes at a time when the domestic capital pool has expanded and is competing with global risk money to get a meaningful share of India’s growth story.

The total fund size of the third fund is Rs 1,000 crore, with a green shoe option of Rs 500 crore, which the firm is likely to mop up by the end of the current financial yea ..

Earlier this year, the firm had announced the final close and oversubscription of Trifecta Venture Debt Fund-II at Rs 1,025 crore, as well as the first close of its late-stage equity offering, the Rs 1,500-crore Trifecta Leaders Fund-I.

Its first fund raised in 2015 is now in its seventh year and has delivered consistent returns on a quarterly basis through some very challenging years for the Indian economy. It returned 100% of the capital to investors and is now focused on harvesting  ..

Some of its portfolio companies include BigBasket, PharmEasy, Cars24, Infra.Market, ShareChat, Dailyhunt, Urban Company, Vedantu, The Good Glamm Group, CarDekho, BlackBuck, Ninjacart, NoBroker, Dehaat, Turtlemint, Servify, Livspace, CureFit, Meesho, Ixigo, Mobikwik, Builder.ai and BharatPe amongst others.

“It is rare to raise two Funds in the same year, and we have been fortunate to do it thanks to our investors, our team, our portfolio partners, and our friends from the venture capita ..

democratises investment in alternative-investment products in legal domain including insolvency financing and litigation funding. It specialises in fixed-income and legal financing products that are asset-backed and have lucrative IRRs ranging from 18% to 30%.

The New Delhi-based fintech caters to all categories of investors including retail investors, family offices, HNIs/Ultra-HNIs, international funders and domestic NBFCs. Investing in alternative asset classes not only enables diversification by providing non-market linked lucrative returns but also enables wealth creation by instilling the discipline of long term investing.

“NPCI owned and operated UPI has been a game-changer during the last five years, thrusting the growth and innovation in the entire fintech ecosystem. Similarly, IBC 2016 has been a revolutionary change in the entire insolvency domain, pushing and enabling restart of economic machinery and we are proud to thrive on the back of such innovation,” added Shahi.

The company has also launched a technology product in the insolvency space to cater to the needs of all stakeholders including the Resolution Professionals, banks, ARCs and other financial creditors, making the process efficient and seamless.

Apoorva Ranjan Sharma of Venture Catalysts said “New-age alternative assets have been on rise globally and it is enriching to see LegalPay leading India’s footprint with such innovative products. Indian investors are maturing to diversify their portfolio and no more restrict to traditional investment options”.

The investment opportunities are listed on the platform through pre-defined thesis and the investors can expect lucrative IRRs across different categories of legal financing products, which undergo a strict and detailed risk and underwriting process. Investors experience a seamless process with complete transparency of the investment portfolio.

Aseem Chauhan from Amity Technology Incubator said “We believe in the vision of LegalPay to organise legal financing market and simultaneously enabling new-age millennials to invest in alternative-asset classes through the use of AI and tech.”

Read more at:
https://economictimes.indiatimes.com//tech/funding/legalpay-raise-funds-led-by-venture-catalysts-amity-technology-incubator/articleshow/88222364.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Read More:

https://theentrepreneurtoday.com/virtual-forest-to-join-hands-with-infineon/

By Amit

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