Trifecta Capital

In 2015, Trifecta Capital pioneered India's first venture debt fund. As we approach our ten-year milestone next year, we reflect on a decade of achievements, including successfully launching three venture debt funds, one growth equity fund, and a tech-enabled treasury management platform under our financial solutions vertical. We take immense pride in establishing a non-dilutive and founder-friendly asset class within the Indian market. Rahul Khanna, Co-Founder and Managing Partner of Trifecta Capital, recently spoke with the Indian Venture and Alternate Capital Association (IVCA) team about the intricacies of venture debt, Trifecta Capital's investment thesis, our preferred sectors, and the benefits of venture debt for startups. He also discussed the future of Trifecta Capital, the evolution of venture debt in the ecosystem, and our latest initiative, Venture Debt Fund IV. Please click on the link to read the full interview - https://lnkd.in/gFWAy8gC

As the Birla Institute of Technology and Science, Pilani, marks 60 years since its inception, it stands as a cornerstone in defining India's glorious destiny. BITS Pilani has been instrumental in fostering entrepreneurial talent, producing 14 unicorns and one decacorn founded by its alumni. Over 7,500 BITSian founders have embarked on entrepreneurial journeys, starting their own ventures and contributing significantly to the nation's economic growth. Across India, there are over 100 BITS alumni contributing to the venture capital ecosystem, demonstrating a strong commitment to supporting startups and fostering the venture ecosystem. At Trifecta Capital, we are privileged to count among our team several distinguished alumni from BITS, including our Co-Founder and Managing Partner, Nilesh Kothari, as well as our Vice President, Surbhi Garg, and Senior Associate, Nevil Kathiria. To celebrate the spirit of entrepreneurship and cherish fond memories, Trifecta Capital organized a BITSian VC Meetup in Bengaluru, for BITSian VC investors across cities and VC funds. The event brought together nearly 40 BITSians from across batches, showcasing the enduring bond amongst alumni, and their eagerness to support one another. Nilesh Kothari delivered a short speech reflecting on the institution's profound influence on his personal and professional life, as well as the lives of other alumni. He highlighted the strong community and camaraderie among BITS alumni, their entrepreneurial spirit as VCs or founders, and their supportive nature within the startup and venture ecosystem. We extend our gratitude to all who attended the event. Trifecta Capital remains a steadfast supporter of the BITS fraternity and the entrepreneurial ecosystem. We are deeply thankful for what the institution has given us and are eager to give back to this esteemed institution. Happy BITSians Day!

Trifecta Capital is thrilled to announce the official launch of Trifecta Capital's Venture Debt Fund IV, targeting a corpus of INR 2000 crores. This milestone coincides with our remarkable achievement of crossing INR 6000 crores of investments across 180+ startups through our three previous venture debt funds since 2015. Over the last decade, we have strived to establish venture debt as a vital asset class in the Indian venture markets. This journey has seen us support over 50 startups that have achieved unicorn/soonicorn status, including leaders like bigbasket.com, Meesho, CARS24, Zepto, ixigo, Zolve, Infra.Market, and Urban Company. Our commitment to backing great founders and category-leading businesses with sound unit economics has been instrumental in this success. With the launch of Venture Debt Fund IV, we aim to continue providing non-dilutive, founder-friendly capital to early and growth-stage companies. We are proud of the credit quality across our funds, with total write-offs of investments being less than 0.6% despite significant market disruptions. As we approach our tenth anniversary in 2025, we are excited to expand our horizons, having already ventured into the growth equity asset class with Trifecta Leaders Fund I. We are deeply grateful to our investors and the incredible efforts of our investment teams across Mumbai, Bengaluru, and NCR. As we celebrate this milestone, we look forward to driving further growth and delivering strong returns for our stakeholders. Thank you for your continued trust and support of the Trifecta Capital team. Rahul Khanna Nilesh Kothari Lavanya Ashok Abhishek Gupta

40+ teams. One trophy. Endless energy – Bigger and Better than ever! The Bertelsmann Badminton Championship 2024 is officially underway. Let the games begin! 🏸 Ascent Capital Bombay Law Chambers Iron Pillar InfoEdge Stellaris Venture Partners Kalaari Capital Athera Venture Partners (formerly Inventus India) Aavishkaar Capital DC Advisory pi Ventures WaterBridge Ventures Lightspeed Orange Health Labs Arkam Ventures Sorin Investments InnoVen Capital India The Rainmaker Group (TRMG) PeerCapital Athera Venture Partners (formerly Inventus India) Trifecta Capital Playbook Partners (India) Shiprocket Together Fund Avendus Elev8 Venture Partners IndigoEdge Vaani Malik #BertelsmannBadmintonChampionship2024 #BBC2024 #GetYourGameFaceOn #VCSpirit #StartupEcosystem #Sportsmanship #Rally

We're excited to share a quick trailer from the fourth edition of Brew with Builders—our candid conversation series with new-economy founders. This session featured Ankit N., founder of Curefoods (EatFit), a pivotal figure in India's startup ecosystem, joined by a room full of new-economy founders in Bengaluru. Ankit shared insights from his impressive journey, including his roles at Flipkart as an early employee and Chief Business Officer, co-founder of Curefit - house of cult, and now founder of Curefoods (EatFit). Ankit offered invaluable perspectives on the early-stage ecosystem in India, the fundamentals of being a founder, the dynamics of the e-commerce sector, evolving consumer trends, and fostering a strong employee culture. Thank you to everyone who joined us. Stay tuned to our YouTube channel for the full conversation from the event, link in the comments below.

BluSmart secures $24 Million. Congratulations to Punit K Goyal, Anmol Jaggi, and the BluSmart team on their latest funding round. As Asia’s largest born-electric, vertically integrated EV ride-hailing service, BluSmart continues to achieve remarkable milestones, including completing 20 million all-electric rides and operating a fleet of 8,000 vehicles. With this fresh capital, BluSmart plans to expand its EV charging infrastructure and fleet size to meet growing demand. The company currently manages 50 charging stations and aims to reach 150 in the coming year. Additionally, BluSmart is now taking its mission global, starting operations in Dubai with ultra-premium Audi AG e-tron EVs. At Trifecta Capital, we are proud to support BluSmart's exponential growth and look forward to witnessing their continued impact on electric mobility. Congratulations once again to Punit K Goyal, Anmol Jaggi, and the entire BluSmart team! Rahul Khanna, Arijit Sarkar, Sahil Kukreja https://lnkd.in/eJWNGHbp

🌟 Honored and Grateful 🌟 We are thrilled to share that Miko had the incredible honor of being part of the esteemed 10-member CEO delegation accompanying Hon'ble Prime Minister Narendra Modiji on his visit to Austria today. This is a moment of immense pride for our company; being recognized and standing shoulder to shoulder with the leaders of our country while representing India. I had the opportunity to contribute on the future of Robotics, Manufacturing and Indo-Austrian bilateral relationship Thank you to the Hon'ble Prime Minister Shri Narendra Modiji, Government of India and Confederation of Indian Industry for taking me along with you to Austria. Thank you Hon’ble Chancellor Karl Nehammer, MSc for the warm hospitality, the sumptuous state lunch and helping arrange the vibrant forum. We are deeply grateful to all our stakeholders who have believed in our vision and supported us throughout our journey. A heartfelt thank you to our valued customers, dedicated employees, patient investors, supportive vendors. Confederation of Indian Industry Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India #Deeptech

We launched Brew with Builders—a series of candid conversations with new-economy founders—as a forum to facilitate open discussions among our portfolio founders and the broader start-up founder network across the country. We are thrilled to have conducted the fourth edition of this series, hosting Ankit N. of Curefoods (EatFit), one of the most renowned founders in the Indian startup ecosystem. Over the last decade, few individuals have witnessed the shifts in India's consumer landscape as closely as Ankit. Ankit, one of the early employees at Flipkart, quickly rose to the position of Chief Business Officer. After his tenure at Flipkart, where he helped establish the company's core team, Ankit co-founded Curefit - house of cult with Mukesh Bansal. Currently, he is the founder of Curefoods, which recently saw its fourth brand—Olio, following Eatfit, Cakezone, and Sharief Bhai Biryani—join the 100 Cr ARR club. In his conversation with Rahul, Ankit discussed his experience scaling Flipkart and launching the first Big Billion Days. He shared insights on navigating fundraising cycles, managing offline journeys for consumer startups, understanding the importance of a board, and the value of having mentors as a founder. Thank you to everyone who attended the fourth chapter of Brew with Builders in Bengaluru. What’s next, you ask? Our next edition of Brew with Builders will be in Mumbai in a few months. We look forward to showcasing another exciting founder and hope to see many of you there! If you are a founder interested in joining us for the next Brew with Builders in Mumbai, please fill out our expression of interest form in the comment section below.

We launched Brew with Builders—a series of candid conversations with new-economy founders—as a forum to facilitate open discussions among our portfolio founders and the broader start-up founder network across the country. We are thrilled to have conducted the fourth edition of this series, hosting Ankit N. of Curefoods (EatFit), one of the most renowned founders in the Indian startup ecosystem. Over the last decade, few individuals have witnessed the shifts in India's consumer landscape as closely as Ankit. Ankit, one of the early employees at Flipkart, quickly rose to the position of Chief Business Officer. After his tenure at Flipkart, where he helped establish the company's core team, Ankit co-founded Curefit - house of cult with Mukesh Bansal. Currently, he is the founder of Curefoods, which recently saw its fourth brand—Olio, following Eatfit, Cakezone, and Sharief Bhai Biryani—join the 100 Cr ARR club. In his conversation with Rahul, Ankit discussed his experience scaling Flipkart and launching the first Big Billion Days. He shared insights on navigating fundraising cycles, managing offline journeys for consumer startups, understanding the importance of a board, and the value of having mentors as a founder. Thank you to everyone who attended the fourth chapter of Brew with Builders in Bengaluru. What’s next, you ask? Our next edition of Brew with Builders will be in Mumbai in a few months. We look forward to showcasing another exciting founder and hope to see many of you there! If you are a founder interested in joining us for the next Brew with Builders in Mumbai, please fill out our expression of interest form in the comment section below.

"How is Flipkart still a market leader even though I haven't shopped from it for a while now?" Like me, even you would have wondered about this question and the answer will certainly surprise you. Two words - "Echo Chamber" Sitting in Bangalore ordering from Zepto and Amazon, we feel we represent India but the real Bharat lies beyond the metros and tier-1 cities. Once you go beyond 50 pincode numbers in India, you start to see the power and penetration of Flipkart. Flipkart has been working with the local Influencers before influencer became cool as a trend. Back in 2018, they had roped in Diljit Dosanjh for promotion of The Big Billion Days in Punjab. It’s no surprise they continue to command the online shopping market in India with close to 50% market share. Last week I attended a closed-door event Brew With Builders featuring Ankit N. Nagori, founder of Curefoods, which houses renowned brands such as Nomad Pizza, Olio, Eatfit, CakeZone, and more. He also served as the Chief Business Officer at Flipkart during its hypergrowth years. The session was jam-packed with such incredible insights of the Indian consumers. No wonder, Curefoods (EatFit) new age pizza brand - Olio hit the 100 Crore ARR last quarter. If Ankit were to write a book on the Indian consumers, it'd be a runaway hit. Thanks to Trifecta Capital for organising this event and looking forward to more such learnings and events in the coming future!