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 226 firms, spanning the Consumer, Enterprise Applications sectors.
As of Aug 2026, Trifecta Capital has 19 unicorns under its belt and has witnessed 30 portfolio exits so far. Its most notable investments include companies like Urban Company, Blinkit and Physics Wallah.
Its latest investment was a $8M Series A round in SwitchOn on Jul 16, 2026, which also saw participation from IvyCap Ventures and SIG Tattva.
Trifecta Capital's List of Top Investments
Trifecta Capital has a portfolio of 226 companies, including 19 unicorns. Their most notable investments are in CrelioHealth and Cuemath.Their portfolio spans across India, United States, Singapore and 2 more locations. They have invested in Consumer, Enterprise Applications, Retail and 29 other sectors, across stages such as Series A, Venture Debt and 8 more. Here is the list of top investments by Trifecta Capital: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, 2025
- Stage: Public
- Total Funding till date: $376M
- Employee Count: 2,111 as on Mar 31, 2026
- Investors: ABG Capital, Dragoneer Investment Group and 50 Others
- Latest Funding Round: Angel, Jun 29, 2022, $*****
- Highlight: Public

2. Blinkit
Online retailer of groceries, personal care, and household essential products. It provides a platform to order a wide range of daily essentials. It is a quick-commerce platform that enables customers to order groceries, fruits, vegetables, dairy products, personal care items, household supplies, stationery, and other daily essentials for near-instant delivery.
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: $757M
- Employee Count: 11,913 as on May 31, 2026
- Investors: SoftBank Group, Tiger Global Management 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, 2025
- Stage: Public
- Total Funding till date: $275M
- Employee Count: 15,046 as on May 31, 2026
- Investors: WestBridge Capital, Hornbill Capital and 7 Others
- Latest Funding Round: Series B, Sep 20, 2024, $*****
- Highlight: Public
4. 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

5. 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, Innoven Capital and 63 Others
- Latest Funding Round: Series E, Dec 23, 2024, $*****
- Highlight: Public
Trifecta Capital's Year-on-Year Investment Trends
Trifecta Capital has invested in 226 companies over the last 11 years, with an average of 20 new investments annually in the last 10 years. In 2025, it made 31 investments, while as of Jul 2026, it has made 15 investments in this year. Its most recent first time investment was in SwitchOn and most recent follow-on round was in Vegrow.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 10 | 15 |
2025 | 18 | 13 | 31 |
2024 | 25 | 22 | 47 |
2023 | 34 | 20 | 54 |
2022 | 29 | 28 | 57 |
2021 | 24 | 23 | 47 |
2020 | 10 | 21 | 31 |
2019 | 18 | 33 | 51 |
2018 | 16 | 20 | 36 |
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 $5.19M, 50 investments in Venture Debt stage with an average round size of $22.4M and 41 investments in Series B stage with an average round size of $6.34M.Stage of entry | No. of Investments |
|---|---|
Series A | 58 |
Venture Debt | 50 |
Series B | 41 |
Seed | 24 |
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 204 Tech companies, 136 Consumer (B2C) companies, 118 Enterprise (B2B) companies and at least 81 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 101 |
Retail | 76 |
Enterprise Applications | 58 |
FinTech | 40 |
Consumer Goods | 31 |
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 (199), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
India | 199 |
United States | 7 |
Singapore | 2 |
China | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Trifecta Capital's recent investments
Trifecta Capital has made 15 investments in 2026 so far. SwitchOn and Sid's Farm are the latest among them.Here are the most recent investments by Trifecta Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 16, 2026 | India | Series A | 9067 | [+1] | |
May 13, 2026 | India | Series A | 3418 | [+11] | |
Apr 07, 2026 | India | Series C | 7905 | ||
Mar 17, 2026 | India | Conventional Debt | 3427 | [+2] | |
Mar 05, 2026 | India | Conventional Debt | 1768 |
Unicorns in Trifecta Capital's Portfolio
Trifecta Capital has 19 unicorns in its portfolio - KreditBee, Moneyview, Zepto 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 | Platform providing personal loans, business loans, and loans against property | 2017 | Bengaluru | Series E | xmyf{zj | ||
76 | Provider of loans, credit cards, gold investment, insurance, and UPI | 2014 | Bengaluru | Series E | twlezks | ||
78 | Retailer of groceries fresh produce household items and personal care | 2021 | Bengaluru | Series H | urusl{a | ||
63 | Provider of a platform for business payments and connected banking | 2017 | Bengaluru | Series D | xjdyevn | ||
71 | Operator of a platform providing Rummy, Fantasy Sports, and Ludo | 2006 | Mumbai | Series C | ptntrcm |
IPOs and Publicly Listed companies in Trifecta Capital's Portfolio
13 of Trifecta Capital's portfolio companies have become public. Shiprocket got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Aug 2026 at marketcap of $735M and Turtlemint got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $471M.Here are Trifecta Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 19, 2026 | - | - | 2754 | |
Jun 29, 2026 | Dec 13, 2019 | Series B | 4138 | |
Jan 28, 2026 | Nov 23, 2021 | Series D | 5202 | |
Dec 17, 2025 | Oct 23, 2015 | Series B | 1663 | |
Dec 10, 2025 | Sep 29, 2021 | Series F | 4197 |
Acquired companies in Trifecta Capital's Portfolio
17 companies from Trifecta Capital's portfolio have been acquired. The most recent acquisition was Wellbeing Nutrition in Feb 2026 by USV India 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 |
|---|---|---|---|---|
Feb 12, 2026 | Jun 17, 2021 | Series A | 9111 | |
Sep 16, 2025 | Aug 06, 2015 | Series B | 1936 | |
Jul 18, 2025 | Apr 09, 2021 | Series B | 8265 | |
Apr 24, 2025 | Mar 01, 2023 | Series C | 5466 | |
Jun 27, 2024 | Apr 01, 2020 | Series B | 3229 |
Team profile of Trifecta Capital
Trifecta Capital has a team of 28 members including 2 Partners and 5 Principals located in India.Here is a list of top team members in Trifecta Capital:
Name | Designation | Location | Contact Details |
|---|---|---|---|
Partner | Delhi | ||
Partner | Gurugram | ||
Principal | Gurugram | ||
Principal | India | ||
Principal | Bengaluru | ||
Principal | Delhi | ||
Principal | India |
Co-investors of Trifecta Capital
Over the past 11 years, 6518 investors have co-invested in Trifecta Capital's portfolio companies. This includes funds and angels.
- Invested before Trifecta Capital: Peak XV Partners, Alteria Capital and 3896 others have invested in rounds before Trifecta Capital. There are 24 companies where Peak XV Partners has invested before Trifecta Capital and 24 companies where Alteria Capital has invested before Trifecta Capital.
- Top Co-investors of Trifecta Capital: 633 investors entered a company along with Trifecta Capital. These include investors like Stride Ventures (16 companies).
- Invested after Trifecta Capital: A total of 1987 investors have invested in Trifecta Capital's portfolio after their investments. Top Investors include Stride Ventures (21 companies) and BlackSoil (16 companies).
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