Trifecta Capital invests Rs 400Cr from its maiden equity fund in 4 Indian tech companies
Trifecta Capital said it invested Rs 400 crore across four companies from its maiden equity fund, Trifecta Leaders Fund-1.
The fund has invested in ixigo, Good Glamm Group (MyGlamm), API Holdings (PharmEasy), and Meesho, in line with its strategy to back growth to late-stage category-leading tech companies, a statement said.
Launched in May this year, the fund with a target corpus of Rs 1,500 crore announced its First Close in July.
“The presence of deep tech talent, a large consumer base, and favourable regulatory changes easing domestic listing of startups has created India's thriving startup and tech ecosystem. With its unique heritage, access, expertise, and relationships in this maturing startup ecosystem, Trifecta Capital is well-positioned to be a reliable partner of choice for founders of growth to late-stage tech companies,” the statement said.
Trifecta Capital Partner Lavanya Ashok said Trifecta Capital is delighted to partner with these category-defining companies, solving the unmet needs of Indian consumers in truly differentiated ways.
“Be it democratising access or broadening choice for the next billion users, our companies are contributing strongly to the vibrant, tech-powered ecosystem in the country," Ashok added.
Trifecta has raised and Rs 1,200 crore in its equity fund and over Rs 1,500 crore across two venture debt funds.
The firm has invested over Rs 2,300 crore in over 85 companies across the venture debt funds. Its portfolio comprises 20 unicorns and soonicorns including PharmEasy, Vedantu, ShareChat, UrbanCompany, BlackBuck, NoBroker, DeHaat, Livspace, MobiKwik, BharatPe, BigBasket, Cars24, Infra.Market, KreditBee and others.
The fund has invested in ixigo, Good Glamm Group (MyGlamm), API Holdings (PharmEasy), and Meesho, in line with its strategy to back growth to late-stage category-leading tech companies, a statement said.
Launched in May this year, the fund with a target corpus of Rs 1,500 crore announced its First Close in July.
“The presence of deep tech talent, a large consumer base, and favourable regulatory changes easing domestic listing of startups has created India's thriving startup and tech ecosystem. With its unique heritage, access, expertise, and relationships in this maturing startup ecosystem, Trifecta Capital is well-positioned to be a reliable partner of choice for founders of growth to late-stage tech companies,” the statement said.
Trifecta Capital Partner Lavanya Ashok said Trifecta Capital is delighted to partner with these category-defining companies, solving the unmet needs of Indian consumers in truly differentiated ways.
“Be it democratising access or broadening choice for the next billion users, our companies are contributing strongly to the vibrant, tech-powered ecosystem in the country," Ashok added.
Trifecta has raised and Rs 1,200 crore in its equity fund and over Rs 1,500 crore across two venture debt funds.
The firm has invested over Rs 2,300 crore in over 85 companies across the venture debt funds. Its portfolio comprises 20 unicorns and soonicorns including PharmEasy, Vedantu, ShareChat, UrbanCompany, BlackBuck, NoBroker, DeHaat, Livspace, MobiKwik, BharatPe, BigBasket, Cars24, Infra.Market, KreditBee and others.
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