Venture debt firm Trifecta Capital on Thursday announced the first close of its Fund-IV, which aims to raise Rs 2,000 crore (about $230 million) for investment in more than 100 domestic companies.

Around 50 startups Trifecta Capital invested in have become unicorns or achieved the status of soonicorn. “Raising money at high valuations makes you try to live up to that valuation from the ...