Venture debt firm Trifecta Capital has launched its third fund worth Rs 1,500 crore or $200 million, with a target corpus of Rs 1000 crore and a green shoe option of Rs 500 crore.
It will be the largest fund managed by the Mumbai-based firm, that will look to partner with 50 to 75 category-leading startups that are seeking alternative sources of growth capital sectors such as SaaS (Software as a Service), D2C (Direct-to-consumer), B2B commerce, Fintech, E-commerce Sellers, among others.
Launched in 2015 with a Rs 500 crore first fund, Trifecta has made 140 investments of about Rs 2,200 crore or $293 million in over 85 startups over the last six years.
Its portfolio now has 11 unicorns and over 15 soonicorns, with businesses including Bigbasket, Pharmeasy, Cars24, Vedantu, Infra.Market, ShareChat, Dailyhunt, UrbanCompany, CarDekho, Blackbuck, Ninjacart, NoBroker, KreditBee, Dehaat, Turtlemint, Servify, Livspace and BharatPe amongst several others.
Earlier this year, Trifecta announced the final close of its second fund at $140 million, which it started raising in 2019.