Trifecta looks overseas for its 7.5 billion rupee second fund
Monday, October 29, 2018
By M. Sriram
Trifecta Capital is planning to raise a quarter of its upcoming second venture debt fund of ₹750 crore from overseas investors, said a senior executive. The fund, India’s first homegrown venture debt provider, will raise the money from institutional investors and family offices next year.
“We will look for capital from near-shore countries such as Singapore, China, Hong Kong and the Middle East,” said Rahul Khanna, co-founder and managing partner, Trifecta Capital. “Venture funding is a global business and when our investee companies go global, we want to have the ability to help them with both dollar and rupee funding”, he added.
Photo courtesy of Satish Krishnamurthy.