Venture debt / Private credit · Curated list
Trifecta Capital
Debt / Venture debt · Private credit / Debt · Bengaluru
At a glance
- Stage focus
- Debt / Venture debt
- Primary sector
- Private credit / Debt
- City
- Bengaluru
- HQ / office
- Corporate office: DLF Corporate Park, Block 4B, Unit 103 & 104, DLF City Phase III, MG Road, Gurugram 122022, Haryana, India. Also offices in Mumbai (1402, Parinee Crescenzo, G Block, Bandra Kurla Complex, Mumbai 400051) and Bengaluru (WeWork Prestige Cube, Hosur Road, Adugodi, Bengaluru 560029).
- Fund registered
- 2015
- Investments on record
- 10
- Corpus (as reported)
- ~USD 600 million+ combined AUM across funds (as reported 2024-2025); over INR 6,000 crore deployed across three venture debt funds since 2015 (firm now discloses INR 8,700 crore including recycling across 220+ businesses, 30+ unicorns). Venture Debt Fund IV launched with target ~INR 2,000 crore (incl. INR 500 cr greenshoe), first close ~Jan 2025.
- Website
- trifectacapital.in
- Profile ↗
About
Trifecta Capital is an India-based alternate-financing platform founded in 2015 by Rahul Khanna and Nilesh Kothari, who serve as Managing Partners. It launched India's first dedicated venture debt fund and now operates venture debt funds, a growth equity fund (Trifecta Leaders Fund), and a financial-solutions/treasury platform. It is a SEBI-registered Category II AIF headquartered in Gurugram with offices in Mumbai and Bengaluru.
Investment focus
Growth-stage / late-stage startups (venture debt + growth equity). Sector-agnostic / pan-India tech: consumer internet, fintech, B2B/SaaS, e-commerce, logistics, EV/clean-tech, edtech, healthtech.
Cheque size
Venture debt: ~INR 9-28 Cr typical (avg ~USD 2.8-3.4M); initial cheques ~USD 1.1-1.7M scaling to ~USD 11M follow-ons
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Venture debt / alternate financing (growth equity + venture credit AIF) / Cat II”
- IN/AIF2/15-16/0140
- IN/AIF2/21-22/0883
- IN/AIF2/22-23/1076
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: Trifecta Venture Debt Fund II; Trifecta Venture Debt Fund - III; TRIFECTA VENTURE DEBT FUND - III
Yes — on official SIDBI FFS supported-AIF list (TRIFECTA VENTURE DEBT FUND - III; Trifecta Venture Debt Fund - III; Trifecta Venture Debt Fund II)
Notable portfolio
BigBasket; ixigo; Cars24; Meesho; Urban Company; Vedantu; Livspace; Cashify; Country Delight; Atomberg
Team & organisation
~38 team members including 7 partners
LLP-managed Category II AIF, multi-fund platform (Trifecta Venture Debt Funds I-IV + Trifecta Leaders/Growth Equity Fund); manager Trifecta Capital VDF Management LLP; co-founded by Rahul Khanna & Nilesh Kothari
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Frequently asked
- What does Trifecta Capital invest in?
- Growth-stage / late-stage startups (venture debt + growth equity). Sector-agnostic / pan-India tech: consumer internet, fintech, B2B/SaaS, e-commerce, logistics, EV/clean-tech, edtech, healthtech.
- What cheque size does Trifecta Capital write?
- As compiled from public sources: Venture debt: ~INR 9-28 Cr typical (avg ~USD 2.8-3.4M); initial cheques ~USD 1.1-1.7M scaling to ~USD 11M follow-ons
- How do I pitch Trifecta Capital through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ Private SEBI-registered Cat II AIF (not a government/DFI vehicle) — clean. Context: IFC (a DFI, World Bank Group) committed up to USD 25M as a limited partner/investor in Trifecta Venture Debt Fund IV; this is an LP relationship only (confirmed via IFC's own press release), not ownership/control, so the firm remains a private manager. Note: this is venture-debt/late-stage growth finance rather than early-stage equity VC.
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://trifectacapital.in/; https://www.ifc.org/en/pressroom/2025/trifecta-capital-s-support-for-startups-innovation-youth-employment-and-economic-g