Trifecta Capital crossed $400M across 101 startups

Trifecta Capital has crossed investments of Rs 3,100 crore across 101 startups from across its 3 funds.

It is expected 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 its seventh year and has delivered consistent returns on a quarterly basis.

Trifecta Capital currently invested more than Rs 3,100 crore of credit in 101 startups across Fund-I, Fund-II, and Fund-III. The portfolio consists of 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.

Trifecta Capital is planning to utilize the fresh capital pool to continue backing portfolio companies into their growth journey, through multiple follow-on investments and the ability to underwrite larger investments.

Also, it 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 to March 2022.

In November last year, Trifecta Capital had released the first closing of its third venture debt fund, Trifecta Venture Debt Fund – III, having secured investor commitments of Rs 750 crore within 2 months.

Trifecta Capital has already employed Rs 425+ crore within 4 months from the first close of this vehicle across 11 startups.

EXECUTIVE OPINION:

, 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 Rahul Khanna, Managing Partner at Trifecta Capital investments, our aspirations are only higher from here onwards."

"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.

Tags : Trifecta Capital, StartupsDekho

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Trifecta Capital crossed $400M across 101 startups

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