Trifecta Capital, which provides venture debt to startups, has onboarded its investor Saurabh Singh as partner.
“With over 15 years of experience—first as an operator, then as a founder, and, for the last 7.5 years as an investor at Trifecta Capital, Singh brings a wealth of expertise in the startup ecosystem to his new role,” the venture debt firm said in a post.
“We are proud to strengthen our partnership as we embark on the journey of Trifecta Venture Debt Fund IV,” the post added.
Trifecta counts names like ixigo, BlackBuck and MobiKwik, which made their public market debuts last year, in its portfolio.
Singh started his professional journey with chipmaker Nvidia as a hardware engineer in 2008. He had also worked at American Express as a Business Analyst, according to his LinkedIn profile.
The investment firm in the LinkedIn post also said that Singh has played a key role in building venture debt practice of the company from its early days. He has contributed to all the previous three venture debt funds and now also the fourth.
Trifecta last month announced the first close of its INR 2,000 Cr fourth . Without disclosing the exact amount, the firm said that it has so far received commitments to the tune of half of the fund.
Trifecta with its fourth fund looks to invest in more than 100 startups, with an average ticket size of INR 25 Cr to INR 30 Cr. It expects to announce the final close of the fund by the end of this year.
Founded in 2014 by Rahul Khanna and Nilesh Kothari, Trifecta offers non-dilutive financing solutions for early and growth-stage companies. The firm claims to have so far invested INR 6,500 Cr in 180 startups via its three funds since inception
The firm also claims to have over 50 unicorns and soonicorns in its portfolio, including BigBasket, BlueStone, Country Delight, Cars24, Rebel Foods, Shadowfax, CarDekho, CureFit, Meesho, PaperBoat, Urban Company, Zepto, among others.
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