India: Trifecta launches $200m equity fund to invest in late-stage startups

Trifecta Capital, known for its venture debt investment funds, is making a significant expansion in its business. The firm is launching its first equity fund, Trifecta Leaders Fund-I, which will target late-stage equity investments in Indian startups, said senior executives of Trifecta in an interaction with Mint. For this fund, the firm aims to raise as much as ₹1,500 crore ($200 million), including a greenshoe option of ₹300 crore.