Fund News
Trifecta Capital marks first close of Rs.2,000-Cr fourth debt fund
Gurugram-based venture debt firm Trifecta Capital has announced the first close of its INR 2,000 crore fourth venture debt fund - The Trifecta Venture Debt Fund IV - with commitments received to the tune of half of the targeted corpus. The firm expects to announce the final close of the fund by the end of this year.The fund also has a greenshoe option of INR 500 crore. It will invest in more than 100 startups, with an average ticket size of INR 25-30 crore, across sectors such as fintech, EV, consumer products and services, logistics, new-age manufacturing, B2B services, renewable energy, and sustainability.Founded in 2014 by Rahul Khanna and Nilesh Kothari, Trifecta offers non-dilutive financing solutions for early and growth-stage companies. The firm claims to have so far invested INR 6,500 crore in 180 startups via its three funds since inception.
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