Stride Ventures, a venture debt firm, has announced the closure of Stride Ventures India Fund III at $165 million. This third fund has garnered support from a diverse mix of investors, including insurance companies, family offices, corporate treasuries, and high-net-worth individuals (HNI).
Fund III's portfolio showcases companies like BlueStone, Moneyview, Moove, Foxtale, CureSkin, NewMe, Nat Habit, and AgroStar. Apoorva Sharma, Managing Partner, Stride Ventures, said, “We are broadening our impact across the Indian start-up ecosystem with comprehensive financial solutions for working capital, capex, inorganic expansion, and growth. By identifying and backing market leaders who are ahead of the curve, we position ourselves at the forefront of investment innovation for Indian start-ups.”
With a portfolio of 140+ start-ups across consumer, fin-tech, agri-tech, B2B commerce, health-tech, B2B SaaS, mobility, and energy solutions (EV), Stride Ventures says that it effectively addresses the capital needs of the Indian start-up ecosystem through its sector-agnostic venture debt fund. The firm has a portfolio of fundamentally solid businesses, supported by notable venture capitalists, further fortifying its position as a leader in alternative financing solutions.
Ishpreet Singh Gandhi, Founder and Managing Partner at Stride Ventures, said, "As we close Fund III, our vision extends beyond the immediate market horizon. This approach aligns with the global transformation and growth trends within the start-up ecosystem."
Stride Ventures has returned its Fund I in its entirety, achieving standout returns in the industry, and was also accorded the 'Venture Debt Investor of the Year' title for the third consecutive year at the APEX 2023 Awards by Venture Intelligence, as per a company statement.
A few months ago, Stride Ventures also published the third edition of the 'India Venture Debt Report 2024.' This report illuminates evolving use cases and highlights a growing interest in CleanTech investments and integrated debt solutions within the Indian venture debt ecosystem.
