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Trifecta Capital announces first close of Rs 1,500-crore late-stage fund
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Last Updated: Jul 28, 2021, 09:57 AM IST
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Synopsis
Trifecta Capital will invest in late-stage startups that are likely to seek liquidity outcomes over the next 12-36 months. It has already made commitments to back five companies from the corpus raised.
ETtech
Rahul Khanna, managing partner at Trifecta Capital.
Mumbai: Within three months of launching a late-stage fund, venture debt firm Trifecta Capital has announced the first close at Rs 1,000 crore ($130 million) with the domestic portion oversubscribed.
The fund
is looking to raise a total of Rs 1,500 crore from domestic as well as global investors and is targeting a final close by the end of this year.
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