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Trifecta Capital announces first close of Rs 1,500-crore late-stage fund


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. ....

Nilesh Kothari , Rahul Khanna , Trifecta Capital , Infra Market , Urban Company , Bay Capital , நிலேஷ் கோத்தாரி , ராகுல் கண்ணா , ட்ரிஃபெக்டா மூலதனம் , அகச்சிவப்பு சந்தை , நகர்ப்புற நிறுவனம் , வளைகுடா மூலதனம் ,

Trifecta to create Rs 1,500-crore equity fund for startups with imminent IPOs


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. ....

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Goel quits Trifecta Capital as partner - The Hindu BusinessLine


Goel quits Trifecta Capital as partner
March 11, 2021
Aakash Goel   -  Businessline×
Aakash Goel, one of the partners of Trifecta Capital, which provides loans to start-ups, has decided to move on even as the company is preparing for the next growth cycle.
Goel, who has been a partner with Trifecta for last three years, communicated his decision to leave to Rahul Khanna and Nilesh Kothari, co-founders of the firm, said sources close to the development.
Prior to Trifecta, Goel was a principal with Bessemer Venture Partners, which had investments in online grocer BigBasket, PharmEasy and home services firm UrbanCompany.
Incidentally, Trifecta has also provided debt to all three firms and others such as car-selling portal Cars24, content start-up ShareChat, home furnishing firm Livspace and news aggregator Dailyhunt. ....

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