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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, 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 ..

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