Hotline: 1800 102 2007
X
Search Business Opportunities
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 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.

Comment
Related opportunities
  • Quick Service Restaurants
    About Us: Virgo Hospitality Established in year 2016 with an outlet at..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 70
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Competitive Exam Coaching Institute
    IMS being in the education sector for over 40 years,..
    Locations looking for expansion Maharashtra
    Establishment year 1977
    Franchising Launch Date 2001
    Investment size Rs. 2lac - 5lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Laundry & Dry Cleaning
    About Us: In the 60s, the textile care industry was made..
    Locations looking for expansion Maharashtra
    Establishment year 1968
    Franchising Launch Date 2013
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Technology
    Maptek Softwares LLP is an award-winning web design & development..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 240
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities