Aakash Goel exits Trifecta Capital: Report

Gurugram-headquartered venture debt firm Trifecta Capital’s partner Aakash Goel has reportedly moved on from his role at the company. 

Goel informed about his decision to exit from the company to the co-founders -- Rahul Khanna and Nilesh Kothari, a few months ago, Moneycontrol reported citing sources. He had been a partner at the firm for about three years.  

The report did not mention details of Goel’s next venture.  Queries sent to Goel and Khanna remained unanswered till the publishing this report. 

Prior to Trifecta, Goel was a principal with Bessemer Venture Partners.  

In January, TechCircle reported that two senior executives were set to leave the company -- director Ankit Sharma and financial controller Ajay Kumar.  

Goel’s departure comes at a time when Trifecta completed raising commitments for its second venture debt fund at Rs 1,025 crore last week. 

Apart from this, the venture debt investor said it will launch its third fund in the third quarter of this year, with a target to raise Rs 1,200-Rs 1,500 crore (around $165-206 million). 

Last October, Trifecta also hired Lavanya Ashok, a Goldman Sachs managing director, as partner to launch the company’s growth equity strategy 

Set up in 2014, Trifecta has funded firms across sectors and says its portfolio companies have raised $8.1 billion in equity. 

Last month, Trifecta invested $6 million (around Rs 43.3 crore) in Arzooo, which helps physical retailers compete against e-commerce platforms.