Trifecta Capital

Congratulations to Battery Smart, Servify, Meritto, magicpin, IDfy and Cashfree Payments for being recognized in the 19th edition of Deloitte's Technology Fast 50 India list! This prestigious list honors the fastest-growing technology-enabled businesses, measured by their average revenue growth over a three-year period. Making it to this list is no small feat—it reflects relentless innovation, adaptability, and a remarkable ability to thrive in an ever-changing environment while addressing global uncertainties and disruptions. At Trifecta Capital, we’re proud to partner with companies like Battery Smart, Servify, Meritto, magicpin, IDfy and Cashfree Payments, who consistently push boundaries and redefine benchmarks in their respective industries. Congratulations to the teams for this incredible achievement, and here’s to setting even higher standards in the years to come! Read more:- https://lnkd.in/eY2hg9NH

The Trifecta Capital team recently participated in the Sankalp Bharat Summit 2024, hosted by Sankalp Forum. While India has made significant progress in ensuring capital availability for entrepreneurs, there remains a pressing need to improve access to funding for local innovators solving problems in remote and underserved regions. Lavanya Ashok, Partner in the Growth Equity vertical of Trifecta Capital, joined a panel discussion titled Democratising Access to Capital alongside GIRISH AIVALLI of Impact Investors Council (IIC) and Anand Govindaluri of Govin Capital The panel delved into strategies to address the capital access gap in Bharat, focusing on the role of angel networks, venture capital spanning debt and equity, and impact investors. We thank Sankalp Forum for the opportunity to contribute to this important conversation. Over the past decade, Trifecta Capital has invested in companies driving financial inclusion, climate solutions, education, healthcare, and agriculture—sectors that are vital for impact. We are always on the lookout for entrepreneurs tackling complex challenges, building from the ground up in India’s underserved markets, and creating pathways for them to actively participate in the country’s growing economy. Lavanya Ashok Aavishkaar Capital

A remarkable milestone for Shadowfax, one of the standout performers in our venture debt portfolio. The company achieved profitability in FY24, posting an adjusted PAT of INR 2 crore, driven by an impressive 33% revenue growth. Shadowfax has cemented its leadership in value-added logistics segments such as prime solutions, which include same-day/next-day delivery, reverse logistics, hand-to-hand exchanges, and quick commerce. With over 50% market share in these segments, Shadowfax continues to set the standard for innovation and operational excellence in third-party logistics. It has been a privilege to witness the growth and execution of the Shadowfax team up close. We look forward to supporting their continued success in the years to come. Nilesh Kothari Arijit Sarkar https://lnkd.in/gqk9KWBG

Breaking Bad: Venture capital isn’t only about writing cheques anymore. At Together2024, we unpacked what VC 2.0 truly looks like—collaborating, supporting, and creating value beyond investments. 🚀 The future is about more than funding—it’s about building. How do you see the role of venture capital transforming in the future? Archana Jahagirdar Ankit K. Lavanya Ashok Raghubir Menon Karan Mohla Rukam Capital Shardul Amarchand Mangaldas & Co Trifecta Capital #CapitalA B Capital #together2024 #BreakingBad #vc #valueadd

India's tech landscape is thriving, with SaaS continue playing a pivotal role in its growth, albeit in a different way. Explore Trifecta Capital's latest in-depth analysis of the Indian SaaS ecosystem authored by Lavanya and Swathi. From our Venture Debt fund, we’ve supported numerous Series A-C enterprise software startups and remain optimistic about diverse software models, including SaaS, Service-as-Software, AI agents, and more. If your company is nearing ~$1M ARR and seeking less-dilutive capital, we’d love to hear from you! Find the link in the comments.

Trifecta Capital's Growth Equity Team is excited to release our State of India SaaS report.     As we navigate the next transformative wave of innovation, we took a deep dive into the AI-powered future of Enterprise Software. Drawing from our venture investing journey and insights from exceptional founders and ecosystem builders, we’ve outlined why we’re excited about what lies ahead! We think there are 4 key trends to watch out for:- ➤Convergence of Services and Product Capabilities to Deepen Moats ➤Vertical Software 2.0 in Categories like BFSI and Manufacturing with Agentic Workflows ➤Look East for Public Market Exits ➤Surge in M&A Momentum A special mention to our rockstar Venture Debt portfolio which includes Builder.ai, Bobble AI, Entropik, Infinite Uptime, Pando, IDfy, Meritto, THB, Toddle - Your Teaching Partner, Intello Labs, LocoNav, Maximl, and Seclore. Read the full report here:- https://lnkd.in/g2zbcCvw Lavanya Ashok I Surbhi Garg I Daivik Raval I Swathi Dhamodaran I Deepanshu Kumar I Sahil Kukreja

Proud to have been a part of this journey. Hearty Congratulations team BlackBuck (Zinka Logistics Solutions Ltd), Rajesh Yabaji Chanakya Hridaya and Ramasubramanian B on this momentous milestone!

Every founder visualizes taking their company public and etching their name forever, in the corporate world. Rajesh Yabaji, Chanakya Hridaya, and Ramasubramanian B, founders of BlackBuck (Zinka Logistics Solutions Ltd), have turned that vision into reality today, by ringing the ceremonial listing bell at the bourses!  Over the last decade, Blackbuck has built a groundbreaking platform aimed at digitally empowering trucking operators to manage their businesses and boost earnings. The comprehensive app built by the company enables operators to seamlessly handle toll and fuel payments, track drivers and fleets using telematics, find loads through the marketplace, and access financing for purchasing used vehicles.  Over a decade, the company has grown its GMV to INR 17000 Crore (FY24), and revenue to INR 297 Crore after multiple pivots, while achieving profitability. In FY24, the company also processed INR 17,396.19 Crore in gross transaction value (GTV), served nearly a million users, and represents 27.5% of India’s trucking market. But beyond the numbers, the true winners of Blackbuck’s growth have been those in India’s hinterlands. By building a critical supply chain, the company has enabled thousands of distributors to reach small towns, villages, and underserved communities, connecting them to India’s burgeoning consumer economy. The company covers 80% of India, and has established a network across 628 districts through its 9395 touchpoints for onboarding and servicing. In the process, Blackbuck has empowered these regions to become integral to the nation’s growth story, fostering aspirations and creating opportunities across the country. Trifecta Capital has been fortunate to be a steadfast partner to Blackbuck in this long journey from very early on, excited by the inclusive platform the company was building for Bharat. A heartfelt congratulations to Blackbuck from all of us at Trifecta Capital on this monumental milestone—a testament to a decade of resilience, innovation, and transformative impact in the Indian trucking industry.  Trifecta Capital is proud to stand by your side today, just as we were when we first invested in your journey. Rahul Khanna Nilesh Kothari Abhijit Joshi

At the NVIDIA AI Summit in Mumbai, Trifecta Capital had the opportunity to participate in a truly innovative session, "Reverse Pitches: VC Pitches to Startups". In this unique event, top VC firms pitched directly to over 250 startup founders, giving entrepreneurs a firsthand look at what investors are looking for and how each firm’s investment process works. Surbhi Garg, VP of our Growth Equity team, represented us in this engaging format, where the tables were turned, allowing startups to gain valuable insights from VCs of various stages. We’re grateful to NVIDIA for hosting such a dynamic session and inviting us to connect with many inspiring founders in this exciting and refreshing way. Lavanya Ashok Surbhi Garg Arundhati Banerjee

Lavanya Ashok, Partner on our Growth Equity team, recently spoke on a panel titled Breaking Bad: Why Just Writing Checks Won’t Shape the Future & What VC 2.0 Looks Like. This insightful session was part of the Together Summit 2024, organized by She Capital (SC). Joining industry peers Karan Mohla, Raghubir Menon, Ankit K., and Archana Jahagirdar, Lavanya discussed the evolving role of venture capital, emphasizing that it’s more than just funding. The panelists explored how true venture support involves mentorship, operational expertise, and a genuine partnership with founders, moving beyond simple capital infusion. A big thank you to She Capital for hosting such a timely discussion and for inviting Trifecta Capital to participate in this valuable conversation.