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Groyyo Secures $5.4 Million In Venture Debt Funding From Lighthouse Canton And Trifecta Capital
OutlookIndia
·
1y ago
Medial
Mumbai-based B2B manufacturing and supply chain enablement firm Groyyo has raised Rs 40 crore ($5.4 million) in a debt funding round. The investment comes from global investment institution Lighthouse Canton and venture financing platform Trifecta Capital. The funding will be used to strengthen Groyyo's financial position and support its efforts in transforming the manufacturing sector. Groyyo facilitates supply chains for brands and MSMEs, helping them expand their businesses. The company has already enlisted over 360 factories across multiple countries and has introduced technology-driven solutions in factories worldwide.
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B2B ecommerce unicorn Udaan raises fresh debt
VCCircle
·
9m ago
Medial
B2B ecommerce platform Udaan has secured approximately Rs 300 crore ($40.6m) in debt financing from venture debt investors including Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The funds will be used to strengthen Udaan's balance sheet, expand its geographical reach, improve operational efficiency, and enhance service delivery for customers. Udaan aims to continue leading the B2B market in the evolving business landscape. This debt funding follows a $340 million Series E financing round led by M&G Plc earlier this year. Udaan reported consistent growth and is on track to achieve profitability.
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udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita
Economic Times
·
9m ago
Medial
EB2B platform udaan has secured new debt financing of around Rs 300 crore from investors such as Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. This funding comes after udaan's $340 million Series E financing round. The company plans to use these funds to expand its geographical footprint, enhance operational capabilities, streamline supply chain processes, open new Micro-fulfilment Centres, and improve service delivery. Profitability is a key priority for udaan, and it aims to reinforce its leadership in the eB2B market.
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Udaan closes another Rs 300 crore in debt from Lighthouse Canton, Stride Ventures, others
Economic Times
·
9m ago
Medial
B2B online platform Udaan has closed a debt-financing round of approximately Rs 300 crore. The funds were raised from investors Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. Udaan plans to use the capital to expand its reach across India, enhance its operations, streamline supply chain processes, and establish new micro-fulfilment centres. The funding confirms Udaan's sustained growth and will help it strengthen its position as a preferred partner for kirana stores and small businesses. This round follows Udaan's previous Series E funding of USD 340 million in December 2023.
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Plan to launch second debt fund, set up NBFC: Lighthouse Canton’s Sanket Sinha
VCCircle
·
1y ago
Medial
Singapore-based asset management firm, Lighthouse Canton, is planning to launch a second debt fund and set up a non-banking financial company (NBFC). The firm has recently closed its first debt fund and will now focus on launching a second fund for making credit investments. Additionally, Lighthouse Canton plans to establish an equity investment vehicle for investing in top-performing companies from its maiden venture capital fund's portfolio.
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Indian venture debt market is steadily growing: Lighthouse Canton report
YourStory
·
8m ago
Medial
Indian founders are increasingly turning to venture debt to bridge funding gaps and preserve ownership of their companies, according to a report by investment firm Lighthouse Canton. The report highlights the growing reliance on venture debt in the Indian startup ecosystem, driven by the scarcity of equity funding. It also notes that the fintech sector and electric vehicle sector, which are capital-intensive and viewed as high-risk by traditional lenders, are major proponents of venture debt. The report concludes that venture debt funding can play a pivotal role in driving the development of India's startup ecosystem.
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Lighthouse Canton plans new venture capital fund to back portfolio winners
VCCircle
·
1y ago
Medial
Singapore-based investment firm, Lighthouse Canton, is set to launch a new venture capital fund to support the top-performing companies from its first India-focused fund. The firm recently closed its debut India VC fund, LC Nueva AIF, and aims to further invest in the most promising companies from that portfolio. This move reflects Lighthouse Canton's commitment to backing successful ventures and maximizing returns for its investors.
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Venture debt remained flat in 2024 at $1.2 billion: Report
Economic Times
·
4m ago
Medial
In 2024, venture debt maintained a steady level of $1.2 billion, with a significant 58% CAGR from 2018. The number of deals rose by 28.6%, driven by sectors like fintech, cleantech, and consumer tech. Major venture debt participants in India include Stride Ventures and Trifecta Capital. As equity becomes selective, venture debt is essential for bridging funding gaps and enabling strategic growth. Key startups like Zepto and Rebel Foods benefit from this funding trend.
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Udaan raises $75 Mn at flat valuation
Entrackr
·
5m ago
Medial
Udaan raises $75 Mn at flat valuation B2B e-commerce platform Udaan has raised $75 million in a Series G equity funding round at a flat valuation, as announced by the company’s co-founder and CEO, Vaibhav Gupta, during a town hall today. Sources assert that the company has been valued in the range of $1.5 to $1.8 billion in this round. According to sources, Udaan plans to use the funds to uplift customer experience, expand market reach, strengthen strategic vendor partnerships, and beef up supply chain and credit infrastructure. Last month, Udaan received approval from the National Company Law Tribunal (NCLT) to merge its various business entities into a unified entity, Hiveloop Ecommerce Pvt Ltd. This consolidation marks a significant milestone in its journey toward becoming a publicly listed company. In October 2024, Udaan secured Rs 300 crore (over $35 million) in debt funding from Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The company has raised around $1.9 billion in debt and equity funding to date. Udaan’s gross revenue (GMV) grew only 1.7% to Rs 5,706.6 crore in the fiscal year ending March 2024 in contrast to Rs 5,609.3 crore booked in FY23. However, it managed to control its losses by 19.4% to Rs 1,674.1 crore in the same period.
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Trifecta looks to raise $240 million for fourth venture debt fund
Economic Times
·
1y ago
Medial
Trifecta Capital, a venture debt firm, is launching its fourth fund with the goal of raising up to INR 2,000 crore ($240 million), including a greenshoe option of INR 500 crore. The firm has invested INR 6,000 crore from its three previous funds and plans to deploy the new funds across sectors, excluding risky industries like cryptocurrencies and gaming. Trifecta Capital aims to draw interest from global financial institutions, domestic conglomerates, banks, insurance firms, and development financial institutions. Despite a slowdown in venture investment, Trifecta Capital has maintained low write-offs, thanks to its well-tested underwriting process and risk management framework.
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Trifecta Capital marks first close of fourth venture debt fund
VCCircle
·
6m ago
Medial
Trifecta Capital has achieved the first close of its fourth venture debt fund, targeting a total raise of Rs 2,000 crore (approximately $231 million), including a greenshoe option of Rs 500 crore. Based in Gurugram, Trifecta offers venture debt to startups and continues to expand its financial resources to support entrepreneurial growth. This development underscores its ongoing commitment to fuel the startup ecosystem through substantial financing endeavors.
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