Venture debt firm Trifecta Capital has successfully announced the first close of its fourth and largest venture debt fund to date. With a target corpus of Rs 2,000 crore (including a greenshoe option of Rs 500 crore), this fund aims to continue supporting the rapid growth of India’s emerging companies by providing non-dilutive financing solutions.
Founded in 2015, Trifecta Capital laid the foundation for venture debt in India by focusing on early and growth-stage companies that struggle to access credit from traditional lenders like banks and NBFCs. Over the years, the firm has raised three venture debt funds, deploying over Rs 6,500 crore (approximately $875 million) and generating attractive returns across various sectors.
Through the Trifecta Venture Debt Fund – IV, the firm plans to invest in more than 100 companies, spanning across diverse sectors like Fintech, Electric Vehicles, Consumer Products, Logistics, New Age Manufacturing, B2B Services, and Core Tech, including Software and Hardware. Additionally, Trifecta is looking to capitalize on emerging sectors such as renewable energy, climate, and sustainability, which are rapidly gaining attention from investors and are expected to see significant growth in the next decade.
Notable investments from Trifecta’s earlier funds include companies in high-growth areas like Hygenco, Euler, and BatterySmart. The firm continues to evaluate new opportunities in these sectors that promise substantial growth potential.
Having fully drawn down its third venture debt fund, Trifecta is recycling capital to ensure liquidity and increase fund performance. Impressively, Trifecta has maintained credit costs across its funds below 0.8%, with equity options generating aggregate capital gains exceeding Rs 700 crore. This solid track record has contributed to Trifecta’s reputation for offering zero capital loss to investors while delivering significant returns.
Since its inception, Trifecta Capital has raised a total of Rs 5,300 crore ($715 million) across four venture debt funds and one growth equity fund. The firm has invested a cumulative Rs 7,800 crore ($1.06 billion) in over 200 businesses, including more than 30 unicorns. Its portfolio is now valued at $67 billion, with prominent companies such as Atomberg, BigBasket, BlueStone, Cars24, Curefit, Meesho, UrbanCompany, and Zepto among its diverse and successful investments.
Trifecta Capital’s focus on driving growth in new-age industries through venture debt continues to make it a prominent player in India’s financial landscape, helping innovative companies scale without compromising ownership.
