Gurugram-based Venture Debt firm Trifecta Capital announced that it has successfully closed its third fund at $213 million or Rs 1,777 crore. 

Trifecta Venture Debt Fund III was launched in September 2021 to raise $200 million or Rs 1,500 crore, with the first close just one month later in November 2021.

Founded by Rahul Khanna and Nilesh Kothari in 2015, Trifecta Capital provides financing solutions to startups across sectors, including B2B, consumer services, e-commerce, fintech, and more. A venture debt firm provides a loan arrangement to startups without diluting ownership.

With the fund’s closing, the firm has raised approximately Rs 5,000 crore among its Trifecta Venture Debt Fund I, II, III, and another growth equity fund. Trifecta Capital focuses on growth-stage startups, providing capital during the Series B stage and beyond.

Across its funds, it has provided finance to over 150 startups, including 21 Unicorns and 12 soon-to-be unicorns. Its portfolio has marquee businesses like Zepto, Big Basket, Pharmeasy, Cars24, Vedantu, and others.