Trifecta Capital Floats Fourth Venture Debt Fund With INR 2,000 Cr Corpus

Venture capital firm Trifecta Capital, which counts Atomberg, BigBasket and BlueStone among its portfolio companies, has launched its fourth fund with a total corpus size of INR 2,000 Cr (around $240 Mn), including a green shoe option of INR 500 Cr.

The fourth venture debt fund is sector agnostic and has seen participation from both existing and new investors. 

The firm claims that it has invested INR 6,000 Cr in 180 startups from its three funds since inception in 2015.

Founded by Rahul Khanna and Nilesh Kothari, Trifecta Capital was launched in 2014 to offer non-dilutive financing solutions for early and growth-stage companies.

“Our focus on great founders, category-leading businesses with sound unit economics, and strong equity investor backing has helped establish best practices in the industry and enabled the strong growth of this asset class” said Khanna.

In September last year, Trifecta Capital announced the final close of its third venture debt fund, Trifecta Venture Debt Fund III, at INR 1,777 Cr. The fund was oversubscribed, surpassing the initial target of INR 1,500 Cr. The first close of the fund was made in November 2021.

Earlier in March, the venture debt firm invested $9 Mn (about INR 75 Cr) in omnichannel jewellery startup Bluestone to boost its business operations and expansion plans.

Following that, lending tech startup RING (formerly Kissht) raised a debt funding of INR 100 Cr (about $12 Mn) from Trifecta Capital, in April.

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