Four companies including Meesho and MyGlamm, received funding of Rs 400 crore from Trifecta Capital, from its maiden equity fund, Trifecta Leaders Fund-1.
The fund has invested in Meesho, Good Glamm Group (MyGlamm), API Holdings (PharmEasy) and ixigo, in line with its strategy to back growth to late-stage category-leading tech companies, a statement said.
The fund with a target corpus of Rs 1,500 crore was launched in May this year and announced its First Close in July.
“The presence of deep tech talent, a large consumer base, and favourable 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.
Till the time, Trifecta has raised and Rs 1,200 crore in its equity fund and over Rs 1,500 crore across two venture debt funds.
The firm has invested over Rs 2,300 crore in over 85 companies across the venture debt funds. Its portfolio comprises 20 unicorns and soonicorns including Vedantu, PharmEasy, BlackBuck, ShareChat, UrbanCompany, DeHaat, NoBroker, Livspace, MobiKwik BigBasket, BharatPe, Cars24, Infra.Market, KreditBee and others.
