Hotline: 1800 102 2007
X
Search Business Opportunities
2014-09-23

Canaan MD Rahul Khanna to start venture debt fund

The Rs 300-crore debt fund is being started in partnership with Nilesh Kothari, former M&A head of Accenture India.

Venture Capital firm Canaan Partners MD Rahul Khanna has announced to start a venture debt firm called Trifecta Capital Partners. The Rs 300-crore debt fund is being started in partnership with Nilesh Kothari, former M&A head of Accenture India, as reported by Economic Times.
 

Trifecta will be a new entrant in the venture debt segment in India which currently has players such as US-based Silicon Valley Bank (SVB). The new fund will lend to start-ups that have already raised Series A or B round of funding and will offer Rs 5-15 crore at a 16 per cent annually compounded rate.
 

"We plan to lend about Rs 100 crore each year. Demand for venture debt in India is about Rs 1,000 crore, out of the Rs 6,000 crore venture capital investments in India annually. However there is no avenue where domestic investors could play in this game," khanna told ET.
 

SVB India has so far financed almost 70 start-ups such as Myntra, Snapdeal, Carwale, Zoomin, Manthan Systems and Sankhya Labs. Trifecta Capital Partners is in the process of applying to the Securities and Exchange Board of India (SEBI) for official approval to start the fund within three months.
 

The revenue model of Trifecta will involve a management fee of about 2 per cent on the amount disbursed in addition to profit sharing upon exit besides 16 per cent interest, the report states further.

Related opportunities
  • Yoshi Food & Beverages - a renowned name in Bakery..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • Ice creams & Yogurt Parlors
    About Us: Bombay Kulfis set up their base in July 2016..
    Locations looking for expansion Andhra pradesh
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
  • Start your Business With VANSHIKA MART PRIVATE LIMITED… One of..
    Locations looking for expansion LUCKNOW
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater UTTAR PRADESH LUCKNOW
  • Fashion accessories - women
    About Us: COVO is a premium accessories brand for Men and..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts