Venture debt firm Trifecta Capital closes its second fund at $140m

Details:

• Trifecta had set a target of 10 billion rupees (US$137.3 million), including a greenshoe option of 2.5 billion rupees (US$34.3 million).
• The firm plans to launch its third venture debt fund with a size of 12 billion rupees to 15 billion rupees (US$164.8 million to US$206 million) in Q3 2021.

Context:

• In March 2019, Trifecta announced the first close of its fund at 7.5 billion rupees (US$103 million).
• It has backed fintech firm BharatPe and India-based retail tech firm Arzoo this year.