Paytm Principal Honcho Joins Venture Capital Debt Investor Trifecta Capital as Partner

A senior executive at publicly traded digital payments platform Paytm, which lost the most-valued fintech startup tag to Razorpay on Thursday, has joined venture capital firm Trifecta Capital as a partner .

The appointment comes at a time when Trifecta Capital has raised Rs 1,500 crore for its first equity fund called – Trifecta Leaders Fund – I

Abhishek Gupta has been associated with the fintech giant as Senior Vice President (VP) and Chief Operating Officer (COO) for its lending vertical for the past 18 months.

However, the new role and responsibilities of Gupta, who is also a seasoned angel investor, could not immediately be known.

Before joining Paytm, Gupta, an alumnus of Harvard Business School, was the Indian head of Singapore-based BNPL (buy now, pay later) startup Atom.

Gupta had also co-founded the fintech company Goals101.

Last year, Trifecta Capital lost one of its senior executives, Ankit Sharma, who resigned as director of the investment firm and joined N+1 Capital.

Gurugram-based Trifecta Capital has invested in more than 70 companies through two venture debt funds. He has supported unicorns and soonicorns including Bigbasket, Pharmeasy, Cars24, Vedantu, Infra.Market, ShareChat and Dailyhunt.

Other investments include Practo, UrbanCompany, CarDekho, Blackbuck, Ninjacart, NoBroker, Kreditbee, Dehaat, Turtlemint, Livspace and BharatPe.

Last year, Trifecta also announced that it had raised $100 million in the first closing of its third venture debt vehicle.

The fund is said to have a target corpus of Rs 1,000 crore and a green shoe option to raise another Rs 500 crore.

She also operated a late-stage venture capital fund. In October 2021, it announced that it had already rolled out Rs 400 crore across four companies.

So far, Trifecta Leaders Fund I has invested in travel app ixigo, beauty brand MyGlamm, e-pharmacy startup PharmEasy and social commerce company Meesho.

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