Trifecta Capital Advisors

Trifecta Capital Advisors, established in 2015, holds the distinction of being India's first independent venture debt firm, pioneering a crucial financing avenue for the country's burgeoning startup ecosystem. Headquartered in Gurgaon, the firm specializes in providing non-dilutive debt capital to high-growth, venture-backed companies, offering a strategic alternative or complement to traditional equity funding. This approach allows startups to extend their cash runway, achieve key milestones, and optimize their capital structure without further equity dilution, which is particularly attractive for companies with strong revenue visibility and proven business models.

Over the years, Trifecta Capital has significantly scaled its operations and capital base. The firm successfully raised its first venture debt fund in 2015, followed by subsequent, larger funds, including Venture Debt Fund III, which closed in 2021 with commitments of approximately INR 1,500 crore (around $200 million). This consistent fundraising success underscores investor confidence in their model and the growing demand for venture debt in India. To date, Trifecta Capital has deployed capital across more than 100 companies, supporting a diverse portfolio that includes prominent names like BigBasket, Pharmeasy, CarDekho, and Urban Company, among others.

Trifecta Capital's investment strategy focuses on providing flexible debt solutions tailored to the specific needs of growth-stage companies. While their primary offering is venture debt, they have also expanded their capabilities by launching a venture equity fund, allowing them to participate in equity rounds and offer a more comprehensive financing suite. Typically, the firm's first cheque sizes for venture debt range between INR 15 crore and INR 100 crore, translating to approximately $1.8 million to $12 million. This substantial range enables them to cater to a broad spectrum of companies, from those seeking moderate capital infusions to larger, more established startups requiring significant growth funding. Their deep understanding of the Indian startup landscape and their ability to structure innovative debt products have solidified their position as a leading financial partner for many of the country's most promising ventures.