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[Funding alert] Bengaluru-based Practo looking to raise Rs 60 Cr in debt from Trifecta


This development comes at a time when the
company recently announced its ‘Corporate Suraksha’, a corporate vaccination programme for companies across India. As a part of this initiative, corporates will be able to enlist their employees and their family members for COVID-19 vaccination.
“Over
500 corporates have expressed interest in joining the programme in the first phase. Practo will be setting up camps and working with its strong network of hospitals, vaccinators, and supply chain companies among others in the healthcare ecosystem, to initiate the drive. In the coming days, vaccination programmes will be run at hospitals while special camps will be set up at corporate offices in 30+ cities across the nation,” the company said in a statement.  ....

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Disrupt or run the risk of being disrupted, says YourStory's Shradha Sharma


Disrupt or run the risk of being disrupted, says YourStory’s Shradha Sharma
Delivering the opening keynote at the fourth edition of Future of Work, YourStory Founder and CEO Shradha Sharma made the case for disruptive innovation in the new normal.
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Future of Work,
YourStory Founder and CEO Shradha Sharma made the case for disruptive innovation in the new normal.
She said, “Today, it s our responsibility to ensure we are constantly disrupting and making sure that disruption is happening, be it in terms of technology or at startups, or even in our own lives.
The first day of India s largest product-tech-design summit brought together the best of industry minds to understand the future of work and the impact of the product, tech, and design on businesses of today and tomorrow. ....

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Trifecta Capital announces final close of Trifecta Venture Debt Fund II at Rs 1,025 Cr


Trifecta Capital announces final close of Trifecta Venture Debt Fund II at Rs 1,025 Cr
Trifecta Venture Debt Fund II has already invested Rs 900 crore across 38 companies. With a provision to recycle capital, the fund will have an investible corpus of up to Rs 2,560 crore.
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Trifecta Capital has announced its second venture debt fund, Trifecta Venture Debt Fund.
The fund was launched in March 2019 and has been oversubscribed in its final closing. The fund, with an initial target of Rs 1,000 crore ($137 million), including a green shoe option of Rs 250 crore, received investor commitments of Rs 1,025 crore ($ 140 million).
Rahul Khanna, Managing Partner said, “Successfully closing Fund II during these challenging times is evidence of the performance of our funds and the maturity of the asset class that we pioneered in 2014. Besides consistently beating the quarterly hurdle on returns for over five years across both funds, we have returned a significan ....

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