Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 08 2018

Trifecta Capital to raise $112 mn venture debt fund

The venture debt provider is looking to mark the first close of the new fund at Rs 250 crore by the end of 2018

Trifecta Capital to raise $112 mn venture debt fund

Trifecta Capital is planning to raise its second debt fund with a target corpus of Rs 500 crore ($74 million), along with a greenshoe option to raise another Rs 250 crore, a financial daily reported.

The venture debt provider is looking to mark the first close of the new fund at Rs 250 crore by the end of 2018.

Rahul Khanna, co-founder and managing partner of Trifecta said while $70-80 million will come from rupee-equivalent investors, $40 million will be contributed by offshore investors.

Trifecta’s Rs 500-crore maiden fund, which counts RBL Bank and Azim Premji Trust as anchor investors, has so far invested in 30 companies, including BigBasket, PaperBoat, Rivigo, Nephroplus, Urban Ladder, Industry buying, OneAssist, Urban Clap and IdeaForge. It will be fully deployed by the next quarter, Khanna added.

Founded by Nilesh Kothari and Rahul Khanna, Trifecta provides early-stage debt capital to Indian companies, primarily in the technology sector.

The report also said that Aakash Goel, the former vice-president at Bessemer Venture Partners, has joined Trifecta Capital as a partner.

Venture debt is an important tool for funding for companies as it rarely involves stake dilution by promoters. It also provides companies more time to grow. The segment is growing in India even as venture capital activity is seeing a slowdown.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Others Food Service
    About Us: Well established brand with great fan following. Passionate management team..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 720
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Quick Service Restaurants
    Casual Seating Area, Nice Crowd, Lip Smacking Food, Low Price,..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Fabric & Accessories
    Kothari Hosiery Pvt. Ltd. is reckoned as a leading manufacturer,..
    Locations looking for expansion Haryana
    Establishment year 1950
    Franchising Launch Date 2020
    Investment size Rs. 50000 - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • About Us: The Purple Salon & Spa is your destination for..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities