Stride Ventures closes second India focused fund at $200 Mn

Venture debt firm Stride Ventures has announced the close of Stride Ventures India Fund II at $200 million. The fund saw its first close in August 2021.

Similar to the first fund, the second fund witnessed participation from leading banks, marquee family offices, corporate treasuries, sovereign funds, PE funds, insurance firms, and HNIs.

Stride Ventures has invested across sectors such as consumer, fintech, agritech, B2B commerce, healthtech, B2B SaaS, mobility and energy solutions (EV). The venture debt fund has investments in several startups including CredAvenue (Yubi), MyGlamm, Zepto, BluSmart, Uni, Upstox, WayCool, MensaBrands, MediBuddy, Wiz Freight, Perfios, Moneyview, VideoVerse, Chalo and Groyyo amongst others.

According to Apoorva Sharma, partner at Stride Ventures, the current economic environment has made growing businesses more amenable to debt transactions than ever before, giving India’s venture lending industry a chance to grow and evolve.

According to data compiled by Fintrackr, around 90 startup investment firms, including 63 VC firms, eight PE firms, and four debt firms, have launched or are in the final leg to announce their new fund as of July, 2022 .

Stride Ventures seems to be an interesting startup with spurring new development on capital markets platform. Congratulations on your startup. May this new business bring you huge success and fulfillment.

Shishir Gupta, Founder and CEO, StartupLanes

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