About Trifecta Capital
Trifecta Capital, established in 2015, is a private debt fund primarily based in Gurugram, India. It specializes in financing Venture Debt round of companies based in India. Its portfolio includes 228 firms, spanning the Consumer, Enterprise Applications sectors.
As of Oct 2026, Trifecta Capital has 18 unicorns under its belt and has witnessed 33 portfolio exits so far. Its most notable investments include companies like Shiprocket, Urban Company and Blinkit.
Its latest investment was a $148K Seed round in Dexif on Aug 13, 2026 along with Alteria Capital.
Trifecta Capital's List of Top Investments
Trifecta Capital has a portfolio of 228 companies, including 18 unicorns. Their most notable investments are in CrelioHealth and Ekincare.Their portfolio spans across India, United States, Singapore and 2 more locations. They have invested in Consumer, Enterprise Applications, Retail and 28 other sectors, across stages such as Series A, Venture Debt and 8 more. Here is the list of top investments by Trifecta Capital:
1. Shiprocket
Provider of e-commerce shipping, fulfillment, marketing, and financial services. The business offers tools for domestic and cross-border shipping, including integrations with courier partners. Fulfillment services encompass warehousing, packaging, and shipping. Marketing solutions include checkout optimisation and customer engagement tools. Financial services provide capital and credit score assessment.
Key facts about Shiprocket
- Founded Year: 2012
- Location: Delhi (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $322M
- Employee Count: 915 as on Aug 31, 2025
- Investors: Temasek, Crescent Enterprises and 64 Others
- Latest Funding Round: Series E, Dec 23, 2024, $*****
- Highlight: Public
Provider of home maintenance repair and personal care service professionals. This business facilitates the booking of technicians for appliance repair, plumbing, electrical work, and cleaning tasks. It also connects individuals with practitioners for salon, spa, and grooming treatments performed at residential addresses. The service model coordinates scheduling for various household maintenance and wellness requirements.
Key facts about Urban Company
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $376M
- Employee Count: 2,111 as on Mar 31, 2026
- Investors: ABG Capital, Dragoneer Investment Group and 51 Others
- Latest Funding Round: Angel, Jun 29, 2022, $*****
- Highlight: Public
3. Blinkit
Retailer of groceries and daily essentials providing instant delivery services. The platform offers a wide range of products including fresh fruits and vegetables, bakery items, meats, seafood, cosmetics, electronics, and baby care products. Customers can order various household items such as dairy, cooking staples, snacks, beverages, and personal care goods for delivery from neighbourhood stores.
Key facts about Blinkit
- Founded Year: 2013
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $758M
- Employee Count: 11,913 as on May 31, 2026
- Investors: SoftBank Group, SoftBank Vision Fund and 23 Others
- Latest Funding Round: Conventional Debt, Mar 11, 2022, $*****
- Highlight: Acquired
Provider of live and recorded classes for academic and test preparation. They offer online courses and study materials for students in grades six through twelve. The platform also provides resources for preparing for engineering, medical, and government exams. Additionally, they offer test preparation and skill-enhancement courses.
Key facts about Physics Wallah
- Founded Year: 2020
- Location: Noida (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $275M
- Employee Count: 15,046 as on May 31, 2026
- Investors: WestBridge Capital, Hornbill Capital and 8 Others
- Latest Funding Round: Series B, Sep 20, 2024, $*****
- Highlight: Public
5. Ixigo
Online platform providing booking services for flights trains and hotels. This service enables users to search for and reserve air travel, rail transportation, and lodging accommodations. The platform provides real-time information regarding transportation status, availability, and scheduling updates to assist with itinerary management. Travelers can utilize search tools and digital interfaces to compare options and facilitate reservations across various travel categories.
Key facts about Ixigo
- Founded Year: 2007
- Location: Gurugram (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $92M
- Employee Count: 1,144 as on Aug 31, 2025
- Investors: GIC, Malabar Investments and 47 Others
- Latest Funding Round: Post IPO, Oct 10, 2025, $*****
- Highlight: Public
Trifecta Capital's Year-on-Year Investment Trends
Trifecta Capital has invested in 228 companies over the last 11 years, with an average of 20 new investments annually in the last 10 years. In 2025, it made 32 investments, while as of Aug 2026, it has made 17 investments in this year. Its most recent first time investment was in Dexif and most recent follow-on round was in Vegrow.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 11 | 17 |
2025 | 19 | 13 | 32 |
2024 | 25 | 22 | 47 |
2023 | 33 | 20 | 53 |
2022 | 29 | 29 | 58 |
2021 | 24 | 24 | 48 |
2020 | 10 | 21 | 31 |
2019 | 18 | 33 | 51 |
2018 | 16 | 19 | 35 |
2017 | 10 | 10 | 20 |
Trifecta Capital's Investments by Stage
Trifecta Capital has made 58 investments in Series A stage with an average round size of $5.27M, 49 investments in Venture Debt stage with an average round size of $23.2M and 43 investments in Series B stage with an average round size of $6.06M.Stage of entry | No. of Investments |
|---|---|
Series A | 58 |
Venture Debt | 49 |
Series B | 43 |
Seed | 25 |
Series C | 17 |
Others | 17 |
Note: We have considered here, only first round of investments
Trifecta Capital's Investments by Sector
Trifecta Capital has a diverse portfolio, with companies operating in the Consumer, Retail, Enterprise Applications, FinTech and Consumer Goods. Notably, it has invested in 207 Tech companies, 137 Consumer (B2C) companies, 122 Enterprise (B2B) companies and at least 81 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 103 |
Retail | 78 |
Enterprise Applications | 59 |
FinTech | 41 |
Consumer Goods | 32 |
Others | 314 |
Note: We have considered here, only first round of investments
Trifecta Capital's Investments by Geography
Trifecta Capital has made most investments in India (201), followed by United States where it has made 8 investments.Country | No. of Investments |
|---|---|
India | 201 |
United States | 8 |
Singapore | 2 |
China | 1 |
Note: We have considered here, only first round of investments
Trifecta Capital's recent investments
Trifecta Capital has made 17 investments in 2026 so far. Dexif and SwitchOn are the latest among them.Here are the most recent investments by Trifecta Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 13, 2026 | India | Seed | 2700 | ||
Jul 16, 2026 | India | Series A | 7145 | [+1] | |
May 13, 2026 | India | Series A | 3201 | [+11] | |
Apr 07, 2026 | India | Series C | 9148 | ||
Mar 17, 2026 | India | Conventional Debt | 1192 | [+2] |
Unicorns in Trifecta Capital's Portfolio
Trifecta Capital has 18 unicorns in its portfolio - KreditBee, Zepto, Open and others. The most recent unicorn in their portfolio is KreditBee. It became a unicorn in 2026, 6 years after Trifecta Capital first invested in it.Here is a list of unicorns in Trifecta Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Provider of online credit and personal finance solutions | 2016 | Bengaluru | Series E | ypfuxac | ||
78 | Retailer of groceries fresh produce household items and personal care | 2021 | Bengaluru | Series H | ycwzm{f | ||
55 | Provider of a platform for business payments and connected banking | 2017 | Bengaluru | Series D | zmiueyl | ||
70 | Operator of a platform providing Rummy, Fantasy Sports, and Ludo | 2006 | Mumbai | Series C | sbuwljm | ||
69 | Platform offering builder and scaler of direct-to-consumer brands | 2021 | Delhi | Series B | vusglec |
IPOs and Publicly Listed companies in Trifecta Capital's Portfolio
15 of Trifecta Capital's portfolio companies have become public. Moneyview got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Oct 2026 at marketcap of $616M and Shiprocket got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $742M.Here are Trifecta Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 01, 2026 | Mar 08, 2025 | Series E | 9182 | |
Aug 19, 2026 | - | - | 4583 | |
Jun 29, 2026 | Dec 13, 2019 | Series B | 4139 | |
May 08, 2026 | Jan 27, 2022 | Conventional Debt | 3518 | |
Jan 28, 2026 | Nov 23, 2021 | Series D | 6148 |
Acquired companies in Trifecta Capital's Portfolio
18 companies from Trifecta Capital's portfolio have been acquired. The most recent acquisition was Pando in Aug 2026 by Fleetx for $*****.Here are Trifecta Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 20, 2026 | Sep 30, 2021 | Series A | 1786 | |
Feb 12, 2026 | Jun 17, 2021 | Series A | 9220 | |
Sep 16, 2025 | Aug 06, 2015 | Series B | 3987 | |
Jul 18, 2025 | Apr 09, 2021 | Series B | 1032 | |
Apr 24, 2025 | Mar 01, 2023 | Series C | 5729 |
Team profile of Trifecta Capital
Trifecta Capital has a team of 28 members including 4 Partners and 7 Principals located in India.Here is a list of top team members in Trifecta Capital:
Name | Designation | Location | Contact Details |
|---|---|---|---|
Partner | Gurugram | ||
Partner | Mumbai | - | |
Partner | Delhi | ||
Partner | Mumbai | ||
Partner | Bengaluru | - | |
Partner | Gurugram | - | |
Partner | Gurugram | ||
Partner | India | ||
Principal | Gurugram | ||
Principal | India | ||
Principal | Mumbai |
Co-investors of Trifecta Capital
Over the past 11 years, 6592 investors have co-invested in Trifecta Capital's portfolio companies. This includes funds and angels.
- Invested before Trifecta Capital: Alteria Capital, Peak XV Partners and 3925 others have invested in rounds before Trifecta Capital. There are 25 companies where Alteria Capital has invested before Trifecta Capital and 24 companies where Peak XV Partners has invested before Trifecta Capital.
- Top Co-investors of Trifecta Capital: 649 investors entered a company along with Trifecta Capital. These include investors like Stride Ventures (16 companies).
- Invested after Trifecta Capital: A total of 2016 investors have invested in Trifecta Capital's portfolio after their investments. Top Investors include Stride Ventures (23 companies) and BlackSoil (16 companies).
Recent News related to Trifecta Capital
•
•
•
Euler Motors Raises $47 Mn in Series E Round Led by LightrockEntrackr•Mar 24, 2026•Euler Motors, Hero MotoCorp, Lightrock, Blume Venture and 4 others
•
Zeno Raises $25 Million to Scale Electric Vehicle Ecosystem in East AfricaTechMoran•Mar 06, 2026•Zeno, Lowercarbon, Active Impact Investments, Congruent Ventures and 2 others
•
Trifecta Capital Advisors LLC Raises Stock Position in Microsoft Corporation $MSFTMarketBeat•Feb 26, 2026•Trifecta Capital,
•
•
Knight Fintech secures $23.6 million from Accel, IIFL, & othersIndiatimes•Jan 02, 2026•Knight FinTech, Accel, IIFL Finance, Rocket Capital and 5 others
•
Dr. Paws secures Rs 29.3 Cr in pre-Series A funding for clinic expansion and new market entry.Viestories•Dec 10, 2025•Dr Paws, Sauce, Chiratae Ventures, Stride Ventures and 1 other
•
•
CrowdStrike $CRWD Shares Acquired by BankPlus Trust DepartmentMarketBeat•Oct 08, 2025•BankPlus, CrowdStrike, Amgen, Trifecta Capital and 4 others
