Trifecta Capital

We're excited to share a quick trailer from the fourth edition of Brew with Builders—our candid conversation series with new-economy founders. This session featured Ankit N., founder of Curefoods (EatFit), a pivotal figure in India's startup ecosystem, joined by a room full of new-economy founders in Bengaluru. Ankit shared insights from his impressive journey, including his roles at Flipkart as an early employee and Chief Business Officer, co-founder of Curefit - house of cult, and now founder of Curefoods (EatFit). Ankit offered invaluable perspectives on the early-stage ecosystem in India, the fundamentals of being a founder, the dynamics of the e-commerce sector, evolving consumer trends, and fostering a strong employee culture. Thank you to everyone who joined us. Stay tuned to our YouTube channel for the full conversation from the event, link in the comments below.

BluSmart secures $24 Million. Congratulations to Punit K Goyal, Anmol Jaggi, and the BluSmart team on their latest funding round. As Asia’s largest born-electric, vertically integrated EV ride-hailing service, BluSmart continues to achieve remarkable milestones, including completing 20 million all-electric rides and operating a fleet of 8,000 vehicles. With this fresh capital, BluSmart plans to expand its EV charging infrastructure and fleet size to meet growing demand. The company currently manages 50 charging stations and aims to reach 150 in the coming year. Additionally, BluSmart is now taking its mission global, starting operations in Dubai with ultra-premium Audi AG e-tron EVs. At Trifecta Capital, we are proud to support BluSmart's exponential growth and look forward to witnessing their continued impact on electric mobility. Congratulations once again to Punit K Goyal, Anmol Jaggi, and the entire BluSmart team! Rahul Khanna, Arijit Sarkar, Sahil Kukreja https://lnkd.in/eJWNGHbp

🌟 Honored and Grateful 🌟 We are thrilled to share that Miko had the incredible honor of being part of the esteemed 10-member CEO delegation accompanying Hon'ble Prime Minister Narendra Modiji on his visit to Austria today. This is a moment of immense pride for our company; being recognized and standing shoulder to shoulder with the leaders of our country while representing India. I had the opportunity to contribute on the future of Robotics, Manufacturing and Indo-Austrian bilateral relationship Thank you to the Hon'ble Prime Minister Shri Narendra Modiji, Government of India and Confederation of Indian Industry for taking me along with you to Austria. Thank you Hon’ble Chancellor Karl Nehammer, MSc for the warm hospitality, the sumptuous state lunch and helping arrange the vibrant forum. We are deeply grateful to all our stakeholders who have believed in our vision and supported us throughout our journey. A heartfelt thank you to our valued customers, dedicated employees, patient investors, supportive vendors. Confederation of Indian Industry Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India #Deeptech

We launched Brew with Builders—a series of candid conversations with new-economy founders—as a forum to facilitate open discussions among our portfolio founders and the broader start-up founder network across the country. We are thrilled to have conducted the fourth edition of this series, hosting Ankit N. of Curefoods (EatFit), one of the most renowned founders in the Indian startup ecosystem. Over the last decade, few individuals have witnessed the shifts in India's consumer landscape as closely as Ankit. Ankit, one of the early employees at Flipkart, quickly rose to the position of Chief Business Officer. After his tenure at Flipkart, where he helped establish the company's core team, Ankit co-founded Curefit - house of cult with Mukesh Bansal. Currently, he is the founder of Curefoods, which recently saw its fourth brand—Olio, following Eatfit, Cakezone, and Sharief Bhai Biryani—join the 100 Cr ARR club. In his conversation with Rahul, Ankit discussed his experience scaling Flipkart and launching the first Big Billion Days. He shared insights on navigating fundraising cycles, managing offline journeys for consumer startups, understanding the importance of a board, and the value of having mentors as a founder. Thank you to everyone who attended the fourth chapter of Brew with Builders in Bengaluru. What’s next, you ask? Our next edition of Brew with Builders will be in Mumbai in a few months. We look forward to showcasing another exciting founder and hope to see many of you there! If you are a founder interested in joining us for the next Brew with Builders in Mumbai, please fill out our expression of interest form in the comment section below.

We launched Brew with Builders—a series of candid conversations with new-economy founders—as a forum to facilitate open discussions among our portfolio founders and the broader start-up founder network across the country. We are thrilled to have conducted the fourth edition of this series, hosting Ankit N. of Curefoods (EatFit), one of the most renowned founders in the Indian startup ecosystem. Over the last decade, few individuals have witnessed the shifts in India's consumer landscape as closely as Ankit. Ankit, one of the early employees at Flipkart, quickly rose to the position of Chief Business Officer. After his tenure at Flipkart, where he helped establish the company's core team, Ankit co-founded Curefit - house of cult with Mukesh Bansal. Currently, he is the founder of Curefoods, which recently saw its fourth brand—Olio, following Eatfit, Cakezone, and Sharief Bhai Biryani—join the 100 Cr ARR club. In his conversation with Rahul, Ankit discussed his experience scaling Flipkart and launching the first Big Billion Days. He shared insights on navigating fundraising cycles, managing offline journeys for consumer startups, understanding the importance of a board, and the value of having mentors as a founder. Thank you to everyone who attended the fourth chapter of Brew with Builders in Bengaluru. What’s next, you ask? Our next edition of Brew with Builders will be in Mumbai in a few months. We look forward to showcasing another exciting founder and hope to see many of you there! If you are a founder interested in joining us for the next Brew with Builders in Mumbai, please fill out our expression of interest form in the comment section below.

"How is Flipkart still a market leader even though I haven't shopped from it for a while now?" Like me, even you would have wondered about this question and the answer will certainly surprise you. Two words - "Echo Chamber" Sitting in Bangalore ordering from Zepto and Amazon, we feel we represent India but the real Bharat lies beyond the metros and tier-1 cities. Once you go beyond 50 pincode numbers in India, you start to see the power and penetration of Flipkart. Flipkart has been working with the local Influencers before influencer became cool as a trend. Back in 2018, they had roped in Diljit Dosanjh for promotion of The Big Billion Days in Punjab. It’s no surprise they continue to command the online shopping market in India with close to 50% market share. Last week I attended a closed-door event Brew With Builders featuring Ankit N. Nagori, founder of Curefoods, which houses renowned brands such as Nomad Pizza, Olio, Eatfit, CakeZone, and more. He also served as the Chief Business Officer at Flipkart during its hypergrowth years. The session was jam-packed with such incredible insights of the Indian consumers. No wonder, Curefoods (EatFit) new age pizza brand - Olio hit the 100 Crore ARR last quarter. If Ankit were to write a book on the Indian consumers, it'd be a runaway hit. Thanks to Trifecta Capital for organising this event and looking forward to more such learnings and events in the coming future!

Trifecta Capital is delighted to welcome Ankit Jaipuria, Ritesh Khandelwal, and the ZYOD team to the Trifecta Capital tribe. We are proud to support a truly execution-focused co-founder duo, backed by an impressive, high-intensity, and high-urgency team. In India, more than 80,000 small and medium factories operate at less than 33% capacity utilization. Zyod addresses this issue by providing effective enterprise resource planning (ERP) software. The Zyod platform replaces traditional paper-and-pen or WhatsApp instruction methods with a digital day-to-day action plan for factory employees. The platform offers detailed instructions on the fabrics to use, and the cutting and stitching patterns to follow, eliminating the constant need for supervision and significantly increasing labor force utilization. Zyod currently serves over 550 customers in 18 countries, with nearly 400 customers onboarded in the last 12 months. In India, the company has secured enterprise customers such as Reliance Industries and Aditya Birla. Internationally, Zyod’s early clients include Japan’s Urban Research, Pennsylvania’s Anthropologie, the U.K.’s NEXT and Boohoo, and Spain’s VAN-DOS. We are proud to support a truly global company being built out of India and look forward to continued participation in their growth. Nilesh Kothari, Sahil Kukreja, Jayant Singhal https://lnkd.in/grAnCGUY

Trifecta Capital is looking for Analysts for its Venture Debt Investment Team for its offices in Gurugram and Mumbai. Across its Growth Equity and Venture Debt Funds, Trifecta Capital has invested nearly US $850 Mn across 200 early growth/ growth stage companies over the last 10 years. Our portfolio includes over 50 unicorns and soonicorns including BigBasket, Pharmeasy, Cars24, Vedantu, Infra.Market, ShareChat, Dailyhunt, UrbanCompany, CarDekho, Blackbuck, NoBroker, Kreditbee, Dehaat, Turtlemint, Livspace, BharatPe, Meesho, GlobalBees, Ixigo, Curefit, Atomberg, Turtlemint, Goodglamm, RebelFoods, Udaan, Zepto, Moneyview, Stockgrow, Country Delight and IdeaForge amongst others. Trifecta Capital pioneered the Venture Debt Fund Asset Class in India and today is the largest with three Funds under management. Trifecta Capital also won the IVCA award for Best Venture Debt Fund Raise in 2023 and for Best Overall Performance in 2024. Based on the BCG-Trifecta Capital Report entitled Venture Debt: The Rising Tide of Credit in the New Economy, Indian Venture Debt investments have grown rapidly at 22% CAGR in the last 3 years to clock nearly $1Bn as of CY22. This is projected to grow 8x to reach $6-7Bn by CY30. The team at Trifecta Capital is amongst the finest in the country drawn from the most reputed institutions and organisations globally. If you want to work with extremely talented colleagues, start-up founders, and VCs, Trifecta Capital is the place for you. Candidates with 2-3 years of experience in venture capital, venture debt, strategy consulting, structured credit, and start-ups may apply. Graduates from Premier Colleges - IITs/BITS/NITs/CA/Liberal Arts will be considered for the Analyst Role. Please apply to [email protected] by July 15, 2024, with a resume and a short cover note on why you’d like to work at Trifecta Capital. Don’t forget to mention “Trifecta Capital Venture Debt – Analyst” in the email's subject. www.trifectacapital.in #venturecapital #venturedebt #startups

We are grateful to be ranked among the top 5 in the HURUN INDIA Future Unicorn Index 2024, alongside some of our frequent collaborators—Peak XV Partners, Accel in India, Blume Ventures, and Tiger Global Management. With over 20 unicorns and 19 soonicorns in our portfolio, we are even more grateful to the extraordinary founders who partner with us in their remarkable journeys.

Quick commerce in India, and globally, has often been viewed as a phenomenon born of the Zero Interest Rate Policy (ZIRP) era. While many large players are eyeing their share of the Q-Commerce pie, very few are yet to find their feet.  Zepto has been a pioneer of the Q-Commerce wave in the country and has navigated multiple market dynamics in its journey to the present scale. This context makes Zepto's Series F funding round particularly exceptional. Congratulations to Aadit Palicha, Kaivalya V., and the entire Zepto team for defying the odds and proving the naysayers wrong. Trifecta Capital, through its venture debt fund, is proud to support truly category-defining founders and a company that exemplifies the spirit of this generation. This Series F funding for Zepto comes just eight months after the company entered the coveted Unicorn club with its Series E round, during the peak of the funding winter. Remarkably, Zepto achieved a threefold increase in valuation in this latest round. Zepto is currently generating over $1 billion in annualized sales, with more than 75% of its dark stores achieving full EBITDA positivity—an incredible accomplishment in the quick commerce sector. The execution-focused mindset instilled by Aadit and Kaivalya in every member of Zepto underscores their exceptional talent and leadership, making both the founders and the company stand out. Congratulations again to the Zepto team. We are proud to be your partners in every phase of your growth. Rahul Khanna Saurabh Singh Sahil Kukreja https://lnkd.in/dc_e2UDF