Trifecta Capital raises $140 mn to close its second fund
Launched in 2015, Trifecta Capital is one of the first venture debt funds from India. A venture debt fund invests alongside equity investors in startups, helping them meet working capital and other debt needs. “Almost a dozen life and general insurance companies, large family offices and Sidbi have pumped in money in the second fund,” he said. “We have already deployed almost 75% of the commitment we received for the second fund. This clearly underlines the growing prominence for venture debt during pandemic times and given this, 2020 was by far the best year for venture debt funding in India,” the report said.