Trifecta
Trifecta closes third India venture debt fund on $214m
Trifecta Capital has closed its third India venture debt fund with about INR 17.8bn (USD 214) in commitments. The initial target was INR 10bn with a greenshoe option of INR 5bn.
Deal focus: Atomberg basks in consumer breakthrough
Home appliances manufacturer Atomberg defied the naysayers in building a hardware-focused consumer brand out of India. Its USD 86m Series C will support product and capacity expansion
Deal focus: Chalo thinks beyond the bus stop
India bus-tracking app Chalo is helping fleet operators eliminate fraud and improve efficiency while giving passengers greater visibility on services. It is keen to scale – geographically and vertically
Avataar leads $45m round for India's Chalo
Avataar Venture Partners, an India-based investor in growth-stage B2B technology and software-as-a-service (SaaS) companies, has led a USD 45m funding round for bus tracking app Chalo.
Fireside leads $40m Series B for India's Ripplr
Fireside Ventures has led a USD 40m Series B round for India-based distribution and logistics platform Ripplr. The round comprised USD 28m in equity funding and USD 12m in debt.
India's Ace Turtle raises $34m Series B
India’s Ace Turtle, an omnichannel platform used by lifestyle and fashion retailers such as Wrangler and Toys R Us, has raised USD 34m in Series B funding featuring Singapore’s Vertex Ventures.
Bessemer, SIG lead Series B for India's Entropik
Bessemer Venture Partners and SIG Venture Capital have led a USD 25m Series B round for Indian marketing research platform Entropik.
India payments player Innoviti expands Series D to $22m
India-based financial technology start-up Innoviti Payment Solutions has doubled the size of its ongoing Series D round to more than INR 1.6bn (USD 22.5m). The overall target is USD 3bn.
Deal focus: Venturi brings families into D2C
Consumer-focused private equity firm Venturi Partners drew on significant family office co-investment to co-lead a USD 108m Series D for India direct-to-consumer food specialist Country Delight
India D2C food brand Country Delight gets $108m Series D
India’s Country Delight, a direct-to-consumer (D2C) food brand best known for farm-fresh milk, has raised USD 108m in Series D funding led by Singapore’s Venturi Partners and Temasek Holdings.
India's Pristyn Care raises $96m at $1.4b valuation
Pristyn Care, a clinic operator specializing in minimally evasive surgeries, has joined India’s unicorn boom with a $96 million Series E round featuring Sequoia Capital at a valuation of $1.4 billion.
India's Meesho sees valuation double in five months
Indian social e-commerce start-up Meesho has raised a $570 million Series F round, doubling its valuation in less than five months to $4.9 billion.
Deal focus: MyGlamm leverages brand awareness
The Indian direct-to-consumer beauty brand claims to stand out from the competition thanks to broad product coverage and a content-driven customer acquisition engine. Its Series C investors appear to agree
India's Trifecta hits $130m first close on VC fund
Indian venture debt firm Trifecta Capital has reached a first close of $130 million for its debut VC fund after three months in the market. The target is $200 million.
Accel leads Series C top-up for India's MyGlamm
Accel has led a Series C top-up for MyGlamm, an India-based direct-to-consumer (DTC) beauty products marketplace, taking the overall round to INR5.3 billion ($71.1 million).
India's Trifecta closes venture debt fund at $140m
India’s Trifecta Capital has closed its second venture debt fund with $140 million in commitments. The firm raised about $68.4 million for its debut vehicle in 2017.
Faering backs India skincare start-up Pureplay
Faering Capital has led a INR1.1 billion ($14.9 million) Series B round for Pureplay Skin Sciences, an Indian direct-to-consumer beauty and hair care brand.
Investcorp leads $56m round for India co-living operator
Investcorp has led a $56 million Series C round for Indian managed co-living accommodation platform operator Zolo.
Coronavirus & India VC: Struggling to work
Investors don’t expect business activity in India to resume until the second half. Many start-ups will be desperate for capital before then
Profile: Trifecta's Rahul Khanna
Rahul Khanna drew on his experiences in Silicon Valley to identify and then fill a gap in India’s VC landscape. The result was Trifecta Capital, the country’s first venture debt fund