Ending Soon! Save 33% on All Access

Stride Ventures Invests In ZipLoan; Enters Into Fintech Lending Stride Ventures has led a debt round of INR 15 crore in ZipLoan, a technology-enabled lending platform that provides loans to MSMEs

By Debarghya Sil

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

Stride Ventures
Ishpreet Singh Gandhi, Founder and Managing Partner, Stride Ventures

Stride Ventures, a venture debt firm, on Wednesday, has led a debt round of INR 15 crore in ZipLoan, a technology-enabled lending platform that provides loans to micro, small, and medium enterprises (MSMEs).

This move is marked as the first step by Stride to enter into fintech lending. According to a statement, the said amount will be disbursed in two tranches.

ZipLoan launched in 2015 by Kshitij Puri and Shalabh Singhal provides loans to Kirana stores and micro industries. The fintech claims that it is addressing the key pain point of small businesses, i.e. access to formal credit by customizing the loan sourcing and underwriting process for its target customer base.

According to its ZipScore platform, the test creditworthiness of a borrower has helped the fintech maintain its non-performing assets (NPA) at under 3 per cent.

Commenting on the recent development, Ishpreet Gandhi, founder and managing partner, Stride Ventures, said "We are excited to partner with ZipLoan in their pursuit to revolutionize lending to small business owners. It is our endeavour at Stride to make credit accessible and efficient as we try to prevent equity dilution and make entrepreneurs truly "Atmanirbhar'. The company has exhibited tremendous growth without compromising the quality of the loan book.

We are confident that the company will continue to scale even in these challenging times."

Kshitij Puri, Co-founder & CEO, ZipLoan, added, "We are privileged to partner with Stride Ventures as they help us realize our mission of addressing funding needs of small business owners. The MSME segment is the most important contributor to our economy, but still continues to be credit starved. Even during the current crisis, the MSME segment has shown great resilience demonstrated by strong collections we have had."

ZipLoan has till date disbursed around INR 400 crores to over 10,000 borrowers. The online lender currently operates in Delhi NCR, Lucknow, Jaipur, Mumbai, Indore, and Dehradun.

Debarghya Sil

Entrepreneur Staff

Former Correspondent


How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.


2024 the Year Of AI PC: Microsoft

Microsoft has taken a giant leap in today's AI driven environment by introducing a dedicated copilot key to the keyboard

Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.