This includes a green shoe option of Rs 375 crore, the venture capital firm said in a statement.
“Given the strong interest in the Fund as well as the attractive pipeline of investment opportunities, Trifecta Capital has added a green shoe of Rs 375 crore to the Fund,” it said.
The late-stage equity fund will invest in leading startups that are likely to go in for a public listing in the next one to three years. The fund was launched in May 2021 and announced its first close in July last year.
It has already invested in companies such as Dailyhunt, Livspace, Cars24 and Pristyn Care, taking the total capital invested to Rs 730 crore.
It had earlier announced investments in
Ixigo, the Good Glamm Group, API Holdings (PharmEasy) and Meesho.
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The presence of local technology talent, rapidly growing digital economy and favourable regulations encouraging domestic listing of startups has created India’s thriving startup ecosystem, it said.
“Investors have appreciated our disciplined portfolio construction approach and the eight investments completed to date have only underscored Trifecta Capital’s proprietary advantage in sourcing and evaluating investments in some of the most attractive tech companies in India,” said Lavanya Ashok, partner, Trifecta Capital.
Founded by Rahul Khanna and Nilesh Kothari, Trifecta Capital started with venture debt funds in India in 2015. It has cumulative commitments of Rs 4,500 crore.
“We are excited to partner with category leading technology companies being built by exceptional founding teams. We provide growth capital to companies to further their expansion plans and we strive to add value to portfolio companies and founders in their journey to an IPO,” said Sandeep Bapat, partner, Trifecta Capital.
With domestic institutional investors competing with global peers for a meaningful share of the growing new-age economy investment opportunity, rupee capital has assumed a lot of importance. India-focused funds such as A91 Partners, Stellaris, Chiratae, 3one4 Capital, Alteria Capital, IIFL PE and Edelweiss have raised a large pool of capital from local investors to back startups.
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