TLDR:
- Stride Ventures closes its third fund at USD 165 million.
- The fund aims to meet the capital needs of the Indian startup ecosystem.
A venture debt firm, Stride Ventures, has closed its Fund III at USD 165 million, backed by a wide range of investors including corporate treasuries, family offices, insurance companies, and high-net-worth individuals (HNIs). The firm aims to provide comprehensive financial solutions for working capital, capex, inorganic expansion, and growth within the Indian startup ecosystem. With a portfolio of over 140 startups spanning various sectors like consumer, fin-tech, agri-tech, B2B commerce, health-tech, B2B SaaS, mobility, and energy solutions (EV), Stride Ventures has successfully returned its Fund I in its entirety and was awarded the ‘Venture Debt Investor of the Year’ title for the third consecutive year at the APEX 2023 Awards by Venture Intelligence. The firm’s vision extends beyond the immediate market horizon, aligning with the global transformation and growth trends within the startup ecosystem. Stride Ventures remains committed to supporting visionary founders and catalyzing sustainable growth and innovation across the startup landscape.
