Trifecta looking to co-lend to tech startups with banks: Rahul Khanna

In a Q&A, the managing partner of the venture debt firm dwells on the returns generated by the company's earlier funds, among other things

Venture debt firm Trifecta Capital announced its third fund of Rs 750 crore ($100 million) on Wednesday. It has a target corpus of Rs 1,000 crore and a green shoe option of Rs 500 crore.

The firm counts 15 unicorn start-ups in its portfolio like Pharmeasy, BharatPe, Cars24, Sharechat, Curefit, Urban Company, among others. Trifecta’s Managing Partner Rahul Khanna tells Deepsekhar Choudhury in an interview about the returns generated by the firm’s earlier funds, bringing banks on board to lend to start-ups and more. Edited excerpts:

How did a second fundraise come about in a year?

By the middle of this year, we