Trifecta Capital announced that it has achieved the first close of its third venture debt fund, Trifecta Venture Debt Fund – III, having secured investor commitments of Rs. 750 crores within two months of the launch of the Fund.
The Fund, with a target corpus of Rs. 1,000 crores ($133 million) and a green shoe option of Rs. 500 crores ($67 million) - is the largest in the series of venture debt funds managed by the firm.
The Indian startup ecosystem has seen 36 new entrants to the Unicorn club in 2021 itself and has attracted $35 billion in equity financing in 2021 till date. Trifecta Capital aims to serve the rapidly growing financing opportunities for Indian startups, with a focus on investing in B2B marketplaces, D2C brands, and SaaS startups.
