money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding

Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash

valuation, start-ups, startups, funding, fundraising, investors, investments, capital

Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc.
In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible debentures (NCDs), according to a statement.
The company has so far raised over Rs 270 crore in equity and over Rs 1,200 crore in debt investments.
The company said the funds will be utilised to expand its scale of operations.
It will also further enhance its product offerings, including credit cards for small businesses/ shops and improve underwriting capabilities to extend credit to the new to credit (NTC) segment using AI and machine learning.
The firm plans to expand its business to one crore borrowers in FY2023, the statement said.
It is projecting an overall revenue of over Rs 500 crore, it said.
The company provides an instant line of credit for small business transactions and small-ticket size personal loans to new credit customers.

startups, unicorn, funding, fintech, MSME, listing, companies

The company has so far raised over Rs 270 crore in equity and over 1,200 crore in debt investments.

Debt fund interest rates

Trifecta Capital has committed Rs 3,500 crore in venture debt and equity investments across more than 85 start-ups till date

Trifecta’s Managing Partner 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

Stock investments

Trifecta Capital on Wednesday said it has invested Rs 400 crore (about USD 53 million) across four companies

Rupee

The fund aims to serve the rapidly growing financing opportunities for Indian start-ups

Existing investors of Trifecta Capital's venture debt funds have also made significant investments in this fund

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Trifecta Capital is planning a Rs 1,500 crore-late stage venture capital fund that will invest in new economy companies that are likely to pursue an initial public offering in the medium term

Trifecta Capital co-founder and managing partner Rahul Khanna

The fund currently has nine unicorns in portfolio such as BigBasket, Urban Company Cars24, Rivigo

Rahul Khanna

The venture debt fund launched in 2014 has so far invested in 72 companies, including nine unicorns, such as BigBasket, Rivigo, Cars24, and Urban Company

bharatpe

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Most start-ups are also not expecting to get the right valuation at this time, as the lockdown imposed to curb the virus' spread has severely disrupted business

Trifecta Capital will raise more capital than it had targeted for its maiden fund: Rahul Khanna

Trifecta Capital

Retail tech firm Arzooo raises $70 mn in Series B led by Japan's SBI group

Fintech company Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc

Kissht raises Rs 100 cr in funding led by Trifecta Capital, Northern Arc

Trifecta Capital raises second venture fund in a year with $100-mn corpus

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

Trifecta Capital invests Rs 400 cr in 4 Indian technology companies

Trifecta Capital launches third fund with target corpus of Rs 1,000 cr

Trifecta Capital announces first close of late-stage venture capital fund

India's Trifecta Capital files for Rs 1,500 crore late-stage VC fund

Venture debt fund Trifecta Capital may see unicorn base doubling in 2 years

Venture debt player Trifecta Capital to set up Rs 1,500-crore fund 3

Fintech firm BharatPe raises Rs 50 crore debt from Trifecta Capital

Start-ups looking to tap into venture debt, avoid large funding rounds

Venture debt has moderate risk, yet offers better returns: Rahul Khanna