The International Finance Corporation (IFC), part of the World Bank Group, will invest up to $25 million in Trifecta Capital’s fourth venture-debt fund. This move aims to support high-impact sectors, including the electric vehicle (EV) ecosystem, AI infrastructure, and agri-tech.
Trifecta Capital, which has backed successful startups like Captain Fresh and Battery Smart, will offer venture debt to select startups at the Series A stage and beyond. This funding follows a growing demand for venture debt in India’s startup ecosystem, helping companies access working capital and capital expenditure without any equity dilution.
Farid Fezoua, IFC Global Director for Disruptive Technologies, stated, “Providing flexible, cost-effective funding options like venture debt is essential for India’s economic growth and job creation.” This is not IFC’s first move in supporting India’s growth, as the agency previously invested $137 million to boost the country’s electric bus ecosystem.
Rahul Khanna, Managing Partner at Trifecta Capital, emphasized that the partnership with IFC will help the firm back transformative companies with flexible, founder-friendly capital, focusing on climate and sustainability-led innovation.
In January, Trifecta made the first close of its fourth fund, targeting a size of Rs 2,000 crore.
