Synopsis
As an increasing number of mature startups target the equity markets for a public market listing, late stage is emerging as a big investment opportunity for such funds.
ETtech
Illustration: Rahul Awasthi
Venture debt provider Trifecta Capital is now looking at starting an equity venture capital fund of Rs 1,500 crore to invest in leading startups that are likely to IPO in the next three years.
As an increasing number of mature startups target the equity markets for a public market listing, late-stage is emerging as a big investment opportunity for such funds.
“Trifecta Leaders Fund will invest in a targeted set of category-leading startups, selected predominantly from Trifecta Capital’s portfolio across its venture debt funds,” the firm said in a release.
Trifecta Capital files for Rs 1,500 crore late-stage VC fund ANI | Updated: Apr 07, 2021 13:49 IST
New Delhi [India], Apr 7 (ANI): Leading provider of venture debtTrifecta Capital said on Wednesday it is planning to launch a late-stage venture capital fund with a targeted corpus of Rs 1,500 crore.
Through the equity fund, the firm aims to invest in new economy companies that are category leaders and likely to pursue an IPO in the next one to three years.
Trifecta Capital has invested in over 70 companies across its two venture debt funds. Its portfolio now comprises of 9 unicorns and 11 soonicorns including Big Basket, Pharmeasy, Cars24, Vedantu, Infra.Market, ShareChat, Dailyhunt, UrbanCompany, CarDekho, Blackbuck, Ninjacart, NoBroker, Kreditbee, Dehaat, Turtlemint, Livspace and BharatPe.
Trifecta Capital to launch $200M fund to invest in IPO-bound Indian startups
Trifecta Capital is in the process of obtaining SEBI approval for the Fund and will commence investment operations post regulatory approvals.
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Trifecta Capital is planning to launch a late-stage venture capital fund
Trifecta Leaders Fund – I with a targeted corpus of Rs 1,500 crore to invest in new economy companies that are likely to pursue an IPO in the next one-three years.
The new fund will invest $15-30 million each in around 10 companies for minority stakes through a combination of primary and secondary positions. It has already built a strong pipeline of 20 companies as potential portfolio candidates. With the launch of Trifecta Leaders Fund – I, the VC firm is extending its platform capabilities as a lifecycle capital provider to the startup ecosystem, it said in a statement.