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

VC firm Trifecta Capital announced the first close of its late-stage venture capital fund - Trifecta Leaders Fund – I, with commitments of over Rs. 1,000 crore (approximately $130 million). The fund was launched three months ago and has a target corpus of Rs 1,500 crores (approximately $200 million).

The First Close saw participation from domestic investors including large corporates, insurance companies, marquee family offices, UHNIs, and entrepreneurs. Existing investors of Trifecta Capital’s venture debt funds have also made significant investments in this fund. For the balance Rs 500 crore (Rs $70 million), the VC firm is in discussions with several