Second Debt Fund Launched By Stride Ventures; Target Corpus Of Rs 1,000 Cr

• ByStartupStory     |    May 25, 2021

Stride Ventures, a leading venture launches Stride Ventures India Fund II, second debt fund launched by Stride Ventures, it will have a targeted corpus of Rs 1,000 crore and a greenshoe option to raise an additional Rs 875 crore.

Stride Venture is looking to close the second fund in the next three months and will continue to invest in early to late stage startup with ticket size from the new fund expected to go up to Rs 70 crore in accordance to the second debt fund launched by Stride Ventures.

“We are extremely proud to have partnered with leading founders, and would continue to support them in every step of the way as we take a leap into the second fund. As founders become increasingly aware of debt and alternative capital for non-dilutive structures, our deployments have grown considerably as we partner with fundamentally strong companies.”

On the new fund, second debt fund launched by Stride Ventures. Ishpreet Gandhi, Founder and Managing Partner, Stride Ventures, said.

Second debt fund launched by Stride Ventures will effectively have, more than Rs 3,000 crore for funding startups through venture debt and offer multifaceted credit solutions to its portfolio companies.

Though the second debt fund launched by Stride Venture is sector agnostic, it will look to invest primarily in sectors such as B2B commerce and SaaS, consumer, healthtech, fintech, agritech, amongst others. Similar to the first fund, the second fund is expected to witness participation from large family offices, sovereign funds, PE funds, insurance firms, and HNIs across India, Singapore and GCC.

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