TLDR:
Debt funding firm, Stride Ventures, is making waves in India’s startup ecosystem with its innovative approach to venture debt. Founded in 2019, the firm is focused on supporting startups at various stages, providing financial solutions that go beyond just capital. Stride Ventures aims to bridge funding gaps, extend runways, and accelerate growth for its portfolio companies. The firm has a sector-agnostic portfolio, backing category leaders with strong business models and substantial capital. Stride Ventures has deployed INR 8,000 Crore to startups and MSMEs, creating jobs and supporting female founders and ClimateTech businesses.
Facts:
- Portfolio size: 150+
- Unicorns: 13
- Total Amount Sanctioned: US$650 Million
Indian venture debt is on the rise, crossing the US$1 Billion mark in 2023, and is poised for significant evolution in 2024. Stride Ventures has ambitious goals to be the first billion-dollar venture debt fund, focusing on international growth and strong performance. The firm’s investments in companies like Lohum and Perfios have shown promising returns and have contributed to enhancing India’s digital capabilities in various industries.
