Representative image 
Business

Trifecta Capital invests Rs 400 cr in four Indian tech entities

Trifecta Capital on Wednesday said it has invested Rs 400 crore (about $53 million) across four companies from its maiden equity fund, Trifecta Leaders Fund - I.

migrator

Mumbai

The fund has invested in ixigo, Good Glamm Group (MyGlamm), API Holdings (PharmEasy), and Meesho, in line with its strategy to back growth to late-stage category-leading tech companies, it said in a statement. The fund was launched in May this year with a target corpus of Rs 1,500 cr (about $200 million) and announced its First Close in July. 

ixigo is a multi-modal travel platform, while Good Glamm Group is a D2C (Direct-to-Consumer) beauty and personal care company and Meesho is a social-commerce company.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Tamil Nadu: 23 give blood samples to identify Nepal flood victims

Tamil Nadu: College student, 12-year-old boy electrocuted

Tamil Nadu: Seven-year-old dies after towel entangles in neck

Vice President CP Radhakrishnan unveils India's first cardiac valve registry

Hunger, desire and Special 100: Shami raises the bowling bar

SCROLL FOR NEXT