Stride Ventures closes Fund III at $165 mn, portfolio showcases prime cos | Firm Information

Stride Ventures, a number one enterprise debt agency from India, introduced the profitable closure of Stride Ventures India Fund III at $165 million, achieved inside only a 12 months of the primary shut of the third fund in 2023. This third fund has garnered sturdy help from a various mixture of traders, together with insurance coverage corporations, household places of work, company treasuries, and high-net-worth people (HNIs).

Fund III’s portfolio showcases prime corporations like BlueStone, Moneyview, Moove, Foxtale, CureSkin, NewMe, Nat Behavior, and AgroStar. These portfolio corporations characterize the fund’s strategic concentrate on shopper manufacturers, monetary companies, and cleantech sectors, underlining Stride Ventures’ dedication to empowering high-growth pioneering entrepreneurs that lead the market.

“We’re broadening our impression throughout the Indian startup ecosystem, with complete monetary options for working capital, capex, in-organic enlargement, and progress,” mentioned Apoorva Sharma, Managing Companion, Stride Ventures.

Stride Ventures has a portfolio of over 140 startups throughout shopper, fintech, agri-tech, B2B commerce, health-tech, B2B SaaS, mobility, and vitality options (EV).

“As we shut Fund III, our imaginative and prescient extends past the instant market horizon,” mentioned Ishpreet Singh Gandhi, Founder and Managing Companion at Stride Ventures. “We stay dedicated to supporting visionary founders.”

Stride Ventures mentioned that it has efficiently returned its Fund I in its entirety, reaching standout returns within the trade. Just a few months in the past, Stride Ventures additionally printed the third version of the ‘India Enterprise Debt Report- 2024.’ This report illuminates evolving use instances and highlights a rising curiosity in CleanTech investments and built-in debt options inside the Indian enterprise debt ecosystem.

First Revealed: Might 02 2024 | 12:59 AM IST