The fund will focus on providing structured debt to high growth start ups that have raised Series -A or Series-B rounds equity funding. The fund has plans to deploy venture debt of Rs. 125-150 Cr a year.
The RBL Bank (formerly known as Ratnakar Bank) has announced it would be the anchor investor in Trifecta Capial’s Venture Debt fund, an alternative investment fund with a commitment of Rs. 50 Cr.
The indian venture capital system has grown significantly in the past decade. In 2014, capital VC Fund invested $2.1 Billion, an increase of 77.7% from 2013 when VC funds invested $1.4 Billion according to data compiled by VVCEdge.