India, Sept. 18 -- World Bank's private lending arm International Finance Corporation (IFC) will be investing $25 Mn (about INR 220 Cr) in venture debt firm Trifecta Capital's INR 2000 Cr venture debt fund IV.

The investment from IFC comes about eight months after the firm announced the first close of the debt firm. Back then, Trifecta said that it had received commitments to the tune of half of the fund size.

Via its fourth venture debt fund, the firm plans on backing over 100 startups operating in sectors like electric vehicles, deeptech, climate tech, AI infrastructure, manufacturing-tech, and agritech, financial services. The average ticket size of these investments is planned to be in a range of INR 25 Cr to INR 30 Cr.

Founded in ...