Trifecta Capital has marked a major milestone with the first close of its fourth and largest venture debt fund, targeting a total corpus of Rs 2,000 crore, including a greenshoe option of Rs 500 crore.
This latest fund underscores Trifecta’s continued leadership in the venture debt space and its commitment to fueling the growth of India’s emerging businesses.
Since its inception in 2015, Trifecta Capital has played a pioneering role in shaping the venture debt market in India. By providing non-dilutive financing to early and growth-stage companies—often overlooked by traditional lenders like banks and NBFCs—Trifecta has carved out a crucial niche in the ecosystem. Over the years, the firm has successfully raised three venture debt funds, deploying over INR 6,500 crore (approximately US$ 875 million) while generating strong returns for investors across multiple funds.
With Trifecta Venture Debt Fund IV, the firm aims to invest in more than 100 businesses across diverse sectors, including Fintech, Electric Vehicles, Consumer Products and Services, Logistics, B2B Services, and Core Technology encompassing both software and hardware. The fund is also keenly eyeing emerging industries such as renewable energy, climate tech, and sustainability—areas that are gaining momentum as mainstream capital flows in to support long-term growth.
Trifecta has already made strategic investments in companies like Hygenco (a leading green hydrogen firm), Euler Motors, and BatterySmart, with plans to expand its portfolio further in these high-growth domains. Additionally, the firm is actively recycling capital from its fully deployed Trifecta Venture Debt Fund III, maintaining total credit costs at an impressive sub-0.8% level.
A testament to its success, Trifecta Capital has collectively raised Rs 5,300 crore ($715 million) across its venture debt and growth equity funds. It has invested Rs 7,800 crore ($1.06 billion), including recycled capital, into more than 200 businesses—30 of which have attained unicorn status—with a combined portfolio valuation of $67 billion.
Among its notable portfolio companies are industry leaders such as Atomberg, BigBasket, BlueStone, Country Delight, Cars24, Cashfree, Rebel Foods, Shadowfax, CarDekho, Curefit, DailyHunt, Infra.Market, Livspace, Meesho, PaperBoat, EatFit, UrbanCompany, Zolve, and Zepto.
With its latest fund, Trifecta Capital is poised to further solidify its reputation as a key enabler of innovation, ensuring that promising businesses have access to the capital they need to scale and succeed in India’s dynamic startup ecosystem