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Trifecta Capital crosses $400M in total investments across 101 startups

Venture debt fund Trifecta Capital has completed investments of Rs 3,100 crore across 101 startups from across its three funds. This comes in addition to the firm’s commitments of more than Rs 900 crore that will be invested in FY23 across a selection of companies, and another Rs 800-1,000 crore of new investments planned for FY23.

It expects to cross Rs 4,500 crore of debt capital invested within the next 12 months. The fund, which was founded in 2016, is now in it’s seventh year and has delivered consistent returns on a quarterly basis through some very challenging years for the Indian economy.

Trifecta Capital has now invested more than Rs 3,100 crore of credit in 101 startups across Fund-I, Fund-II, and Fund-III. The portfolio includes 21 unicorns and more than 12 soonicorns, with marquee businesses including Big Basket, Pharmeasy, CARS24, Vedantu, MyGlamm, Infra.Market, ShareChat, Dailyhunt, UrbanCompany, CarDekho, Blackbuck, Ninjacart, NoBroker, Dehaat, Turtlemint, Servify, Livspace, and Fashinza amongst several others. Trifecta Capital’s venture debt portfolio has cumulatively raised $12.5 billion of equity, and is cumulatively valued at $48 billion.

The firm additionally aims to utilise the capital pool to continue backing portfolio companies farther into their growth journey, through multiple follow-on investments and the ability to underwrite larger investments.

Trifecta Capital aims to serve the fast-growing financing opportunities for Indian startups. The ecosystem saw 14 new entrants to the unicorn club and has attracted $12 billion in equity financing in January – March 2022.

Rahul Khanna, Managing Partner at Trifecta Capital, said, “We are privileged to have played a critical role in deepening the capital ecosystem for some of India’s best new businesses. While Rs 3,100 crore is a significant milestone for our debt investments, our aspirations are only higher from here onwards.”

Trifecta Capital will use its first equity fund to majorly invest in  existing portfolio - The Hindu BusinessLine

“We continue to find innovative ways to partner with exciting new companies as well as double down on our fantastic existing relationships. With a strong team and on-ground presence in the three key venture markets of Delhi-NCR, Bengaluru, and Mumbai, we expect to invest the same cumulative amount in the next two years as compared to the past seven,” he added.

On November 15, 2021, Trifecta Capital had announced the first closing of its third venture debt fund, Trifecta Venture Debt Fund – III, having secured investor commitments of Rs 750 crore within two months. The fund, with a target corpus of Rs 1,000 crore, as well as an additional green shoe option of Rs 500 crore, is the largest in the series of venture debt funds managed by the firm.

Trifecta Capital is apparently a moving startup with prodding improvement on Venture Capital and Private Equity Principals platform. I’m sure this startup would continue to prosper in its journey ahead. My best wishes to the entire group of Trifecta Capital. This will give them a giant accomplishment later on.

Shishir Gupta, Founder and CEO, StartupLanes

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