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Around 50 startups Trifecta Capital invested in have become unicorns or achieved the status of soonicorn.
Trifecta also plans to launch its second growth-stage equity fund, Trifecta Leaders Fund 2, by early 2025.
The new fund saw participation from both existing and new investors including some large global financial institutions, domestic conglomerates, banks, insurance companies, development financial institutions, public sector entities, and family offices
“Raising money at high valuations makes you try to live up to that valuation from the next day onwards. We were celebrated, but that mistake cost us a lot of sleepless nights,” Neeraj Kakkar said.
IVCA announced new VC Council for 2022-24, Trifecta Capital's co-founder and managing partner Rahul Khanna will be the co-chair
The amount of debt disbursed through venture debt in India doubled in 2021 to $538 million from $271 million in 2019, according to Stride Ventures’ recent India Venture Debt Report 2022.
Startups in India: Over the last few years VC firms have tried hiring more women in investing roles at earlier stages.
Commenting on the development, Rahul Khanna, managing partner of Trifecta Capital said that they have built a "highly diversified portfolio, with a common line of these companies being category leaders binding them".
The emerging asset class seems to have had a breakout year in 2021. Will the next year be any different?
The fund will invest in late-stage tech startups and the plan is to invest $15-30 million each in around 10-12 companies for minority stakes, through a combination of primary and secondary positions.
Trifecta Capital is aiming to raise Rs 1,500 crore, including a greenshoe option of Rs 300 crore, for this fund.
Company plans to slowly widen its scope beyond venture debt and is looking at selective equity investments
Funds will be used to improve technology and operational capabilities to “ramp up supply chain infrastructure” and serve over 50,000 retail stores
During FY20, HSE scaled up its retail footprint with 10 new Indya stores and 5 FabAlley stores, along with expanding both brands to over 350 shop-in-shops across the country, a statement said.
The fund will be used to meet the working capital and capex requirements of the company.
The fund will be used to meet the working capital and capex requirements of the company including setting up of new warehouses, strengthening the cold chain and setting up facilities for reprocessing of fruits and vegetables.
The growth in Innoven's loan disbursal comes at a time when startups are finding it difficult to raise equity funding in a challenging market.
In an interaction, earlier during the month, Trifecta Capital's Rahul Khanna said that the firm planned to invest across 15-20 startups during the current year with the deal size ranging from Rs 5 to 45 crore
The current correction in India's startup ecosystem has been caused due to indiscriminate hiring which created a fixed cost problem for startups
Endorsed by actor Shah Rukh Khan, the company has raised USD 246.75 million in funding so far
The Co-Founder and Chief Executive Officer of BigBasket Hari Menon, said the capital raised will be used to increase the shelf life of fruits and vegetables, which is a huge part of the company's business, and is directly sourced from farmers.
Speaking to CNBC-TV18, TV Mohandas Pai, the former Chief Financial Officer of Infosys, said new-age startups have no clear strategy and very poor execution.
Young Turks starting the year with two special episodes. First a discuss on the year gone by and in the next episode we spot the big ideas for 2015.
