Alternate Financing Platform Trifecta Capital Announces Launch Of Debt Fund-III

Trifecta Capital
Indian Startup News

Trifecta Capital, an alternate financing platform for startups, has announced the launch of its third venture debt fund, Trifecta Venture Debt Fund – III. 

The Trifecta Venture Debt Fund – III, with a target corpus of INR 1,000 crore ($133 million) and a greenshoe option of INR 500 crore ($67 million), will be the largest in the series of venture debt funds managed by the financing firm.

The firm, through this fund, aims to accelerate the rapidly growing financing opportunities for Indian startups, with a focus on investing in D2C brandsB2B marketplaces, and SaaS startups.

Speaking on the development, Rahul Khanna, Managing Partner, Trifecta Capital, said,

“The startup ecosystem didn’t skip a beat with COVID-19. As an ecosystem, we have lived through everything that could not be put in an excel sheet. As a venture-debt fund, we have put in Rs 2,200 crore across 80 companies. We have over 11 unicorns in our portfolio, and probably we will have 10 more in the next 12 months. This creates great feedback loop and reference.”

Initiatives For Startups

The Indian startup ecosystem has been growing at a rapid pace. In 2021 alone, the Indian startup ecosystem has seen 26 new entrants to the coveted unicorn club and has attracted $26 billion in equity financing in the first eight months of this year.

Recently, VC firm Accel launched a pre-seed funding program called Accel Atoms Program and will invest $250,000 in Indian startups. The government of India is also making efforts to accelerate the startup ecosystem in India with entrepreneurship promoting initiatives. Biotechnology Industry Research Assistance Council (BIRAC) announced that it would soon launch a special incentive scheme to support 75 startups in telemedicine, digital health and AI.

Coming back to the development, Trifecta will offer customised solutions woven around growth financing, with creative mechanisms of risk-sharing. The firm will also offer working capital financing for inventory and receivables, blended financing structures with support from banks and NBFCs.

The alternate financing platform for startups aims to complete the first close in CY 2021. Additionally, Trifecta aims to begin deployment simultaneously with a healthy pipeline of credit opportunities that have already been identified. 

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