New Delhi, Sept. 18 -- Trifecta Capital has raised $25 million from International Financial Corporation (IFC), a part of the World Bank Group, for its fourth venture debt fund, a top executive at the firm said. This marks the IFC's first investment in a pure-play venture debt fund in India. IFC's investment is expected to help India attract more funding from institutional investors and expand capital requirements for venture debt providers.

"Providing more funding options to innovative startups, including flexible, cost-effective mechanisms such as venture debt, is essential for India's economic growth and job creation," said Farid Fezoua, IFC global director for disruptive technologies, services and funds. "Our investment in Trifecta Ca...