Venture debt firm Trifecta Capital has rolls out ts fourth fund, aiming to raise Rs 2,000 crore (around USD 240 million), including a greenshoe option of Rs 500 crore. The fund will strategically invest across sectors while avoiding high-risk areas such as cryptocurrencies, gaming, and peer-to-peer (P2P) lending, according to founder and managing partner Rahul Khanna.
Reflecting on the journey since 2015, Khanna remarked, "When Nilesh Kothari and I started, the term 'venture debt' was unfamiliar to many. Today, it has evolved into a vibrant asset class with significant commitments from institutional investors and family offices."
The firm has deployed over Rs 6,000 crore from its previous three funds, supporting startups like Zepto, Meesho, BlueStone, and Urban Company. "Your unwavering support has helped us navigate significant challenges, including demonetisation, GST rollouts, COVID-19, and the recent tech funding slowdown," Khanna said, expressing gratitude to investors.
Khanna also acknowledged the resilience of the startup founders in their portfolio. "It has been a privilege to collaborate with over 180 startups. Your dedication through market fluctuations has been truly inspiring," he added.
The launch of Trifecta Capital's fourth fund marks another milestone in their commitment to fostering the growth of future leaders in India's startup ecosystem.
