Venture debt firm Trifecta Capital closes Fund III at Rs 1,777 Cr

Venture debt firm Trifecta Capital has announced the final close of its third venture debt fund, Trifecta Venture Debt Fund III, at Rs 1,777 crore. The fund was oversubscribed, surpassing the initial target of Rs 1,500 crore. 

The first close of the fund took place in November 2021.

According to Trifecta, it has already invested Rs 1,500 crore in over 50 startups since its first close in November 2021. Zepto, The Good Glamm Group, Kissht, Rebel Foods, Cashfree Payments, Bira, Infra.Market, Udaan, Arzooo, Globalbees, and Eatfit are among the startups in which capital from the third fund has been invested in.

The firm claims that its portfolio startups have achieved a median revenue growth rate of 60% annually.

Founded by Rahul Khanna and Nilesh Kothari in 2014, Trifecta provides customised financing to businesses across sectors, including B2B, consumer services, consumer brands, ecommerce, mobility, edtech, agritech, fintech, cleantech, software, and healthcare.

With the third fund’s closure, Trifecta Capital has cumulatively raised nearly Rs 5,000 crore across its three venture debt funds and one growth equity fund, investing in over 150 startups.