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Venture debt firm Stride Ventures closes $200 million fund

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  • Venture debt company Stride Ventures more than ₹1600 crore sanctioned to more than 70 companies in various sectors.
  • Strides has various investments in sectors such as consumer, fintech, agritech, B2B commerce, healthtech and more.
  • Venture debt paid in India last year was $538 million.

Venture debt firm Stride Ventures closed its Stride Ventures India Fund II today after raising $200 million. The fund’s portfolio includes startups such as CredAvenue (Yubic), MyGlamm, zeptoBluSmart and more.

Stride said the new fund saw participation from leading banks, large family offices, corporate treasuries, sovereign wealth funds, PE funds, insurance companies and HNIs.

“The growing investor confidence in the Indian startup ecosystem presented us with a great opportunity to develop a strong pipeline of implementations that we have leveraged across industries. The goal of Stride Ventures is to remain a preferred borrower while developing innovative alternative financing solutions for founders,” said Ishpreet Singh Gandhifounder and managing partner at Stride Ventures.

The fund was first closed in August 2021.

Strides has various investments in sectors such as consumer, fin-tech, agri-tech, B2B commerce, health-tech, B2B SaaS, mobility & energy solutions (EV).

It has sanctioned over ₹1,600 crore to more than 70 companies in these industries.

“The current economic environment has made growing companies more receptive than ever to debt transactions, giving the Indian venture capital industry the opportunity to grow and develop,” he added. Apoorva Sharmapartner at Stride Ventures.

According to an India Venture Debt
Report 2022, the company released in May, risk-debt payoffs were $538 million last year.

The fund facilitated joint loan structures with leading banks for three years. It claims to have built innovative alternative financing solutions within venture debt for founders to allocate capital efficiently.

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