Advertisement
Friday, Jan 21, 2022
Outlook.com
Outlook.com

Trifecta Capital Invests Rs 400 Crore In 4 Indian Tech Firms

The fund was launched in May this year with a target corpus of Rs 1,500 crore (about $200 million) and announced its First Close in July.

Trifecta Capital Invests Rs 400 Crore In 4 Indian Tech Firms
Trifecta Capital Invests Rs 400 Crore In 4 Indian Tech Firms
outlookindia.com
2021-10-20T13:08:16+05:30

Trifecta Capital on Wednesday said it has invested Rs 400 crore (about $53 million) across four companies from its maiden equity fund, Trifecta Leaders Fund - I.

The fund has invested in ixigo, Good Glamm Group (MyGlamm), API Holdings (PharmEasy), and Meesho, in line with its strategy to back growth to late-stage category-leading tech companies, the company said in a statement.

The fund was launched in May this year with a target corpus of Rs 1,500 crore (about $200 million) and announced its First Close in July.

ixigo is a multi-modal travel platform, while Good Glamm Group is a D2C (Direct-to-Consumer) beauty and personal care company and Meesho is a social-commerce company.

API Holdings (PharmEasy) is an omnichannel healthcare platform spanning medicines, diagnostics, consultation, and information. Pharmeasy is preparing to file a DRHP with Sebi for its upcoming IPO.

“The presence of deep tech talent, a large consumer base, and favorable regulatory changes easing domestic listing of startups has created India's thriving startup and tech ecosystem. With its unique heritage, access, expertise, and relationships in this maturing startup ecosystem, Trifecta Capital is well-positioned to be a reliable partner of choice for founders of growth to late-stage tech companies,” the statement said.

Trifecta Capital Partner Lavanya Ashok said Trifecta Capital is delighted to partner with these category-defining companies, solving the unmet needs of Indian consumers in truly differentiated ways.

“Be it democratising access or broadening choice for the next billion users, our companies are contributing strongly to the vibrant, tech-powered ecosystem in the country,” Ashok added.

As of September 30, 2021, Trifecta has raised over Rs 1,500 crore (about $200 million) across two venture debt funds and Rs 1,200 crore (about $160 million) in its equity fund. Trifecta Capital recently also launched its third venture debt fund.

(With PTI Inputs)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement