Two senior executives quit Trifecta Capital

Two senior executives have quit Indian venture debt firm Trifecta Capital, said a source close to the development.

According to the person, Ankit Sharma, director at the firm, and Ajay Kumar, the financial controller have both put in their papers and are serving their notice period. They will exit the company at the end of the month, said the person. ET has reached out to Trifecta Capital for comment.

Trifecta Capital was started by Rahul Khanna and Nilesh Kothari in 2015. Khanna and Kothari are managing partners of the business now.

Venture debt funds lend money to startups. Unlike equity financing, where a stake in a company is sold in exchange for funds, debt funds lend money expecting to be paid back after a certain period of time. In some cases, the debt financing may be accompanied by equity financing as well.


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