Trifecta Capital has announced the launch of its third venture debt fund, Trifecta Venture Debt Fund – III. The Fund — with a target corpus of Rs 1,000 crore ($133 million) and a greenshoe option of Rs 500 crore ($67 million) — will be the largest in the series of venture debt funds managed by the firm.
It aims to serve the rapidly growing financing opportunities for Indian startups, with a focus on investing in B2B marketplaces, D2C brands, and SaaS startups. In 2021 alone, the Indian startup ecosystem has seen 24 new entrants to the unicorn club, and has attracted $26 billion in equity financing in the first eight months of 2021.
