The International Finance Corporation (IFC), the private investment arm of the World Bank Group, plans to invest up to $25 million in Trifecta Capital.
The fund provides debt financing to startups from the Series A stage onwards, focusing on sectors such as electric vehicles (EVs), financial services, climate technology, AI infrastructure, manufacturing technology, and agritech. It also aims to expand its reach into consumer, education, and healthcare domains.
IFC stated that the investment aligns with its broader strategy to attract private capital, foster digital innovation, and encourage private sector–driven growth that generates employment. The institution has also set a target of doubling its annual commitments in India to $10 billion by 2030, with increased emphasis on collaborations at the state level.
Trifecta Capital launched its fourth fund with a fundraising goal of up to ₹2,000 crore, including a greenshoe option of ₹500 crore.
Founded in 2015 by Rahul Khanna and Nilesh Kothari, Trifecta Capital has so far raised ₹5,400 crore across four venture debt funds and one growth equity fund. It has deployed about ₹8,700 crore, including recycled capital, across more than 220 companies. Its portfolio includes over 30 unicorns such as Meesho, Zepto, and Urban Company.
“Providing more funding options to innovative startups, including flexible, cost-effective mechanisms like venture debt, is essential for India’s economic growth and job creation,” said Farid Fezoua, IFC global director for disruptive technologies, services and funds.
IFC’s $25 million commitment to Trifecta Capital’s fourth venture debt fund highlights the growing importance of alternative financing in India’s startup ecosystem. The partnership focuses on high-impact sectors like EVs, climate tech, and AI infrastructure and aims to accelerate innovation, create jobs, and drive private sector–led growth. At the same time, Trifecta Capital’s proven track record and expanding portfolio position it as a key player in bridging the financing gap for emerging companies, reinforcing India’s position as a global startup hub.
