Ending Soon! Save 33% on All Access

Stride Ventures Closes Its Third Fund at USD 165 Mn Through its sector-agnostic venture debt fund, Stride Ventures claims to meet the capital needs of the Indian startup ecosystem, with a portfolio of over 140 startups spanning consumer, fin-tech, agri-tech, B2B commerce, health-tech, B2B SaaS, mobility, and energy solutions (EV).

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R] Ishpreet Singh Gandhi & Apoorva Sharma, Managing Partners, Stride Ventures

A venture debt firm, Stride Ventures, announced the closure of its Fund III at USD 165 million, about a year after it announced the first close of the same fund.

A wide range of investors, including corporate treasuries, family offices, insurance companies, and high-net-worth individuals (HNIs), have backed this third fund.

Apoorva Sharma, Managing Partner, Stride Ventures, said, "We are broadening our impact across the Indian startup 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 startups."

Through its sector-agnostic venture debt fund, Stride Ventures claims to meet the capital needs of the Indian startup ecosystem, with a portfolio of over 140 startups spanning consumer, fin-tech, agri-tech, B2B commerce, health-tech, B2B SaaS, mobility, and energy solutions (EV).

BlueStone, Moneyview, Moove, Foxtale, CureSkin, NewMe, Nat Habit, and AgroStar are a few of the companies in its portfolio.

Ishpreet Singh Gandhi, Founder and Managing Partner at Stride Ventures, added, "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 startup ecosystem. At Stride Ventures, we remain committed to supporting visionary founders and extend gratitude to our investors and partners who have supported and trusted us to be a catalyst for sustainable growth and innovation across the startup landscape."

Stride Ventures claims that it has successfully 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.

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.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.

Franchise

What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.