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Stride Ventures Launches Fourth Fund with $300 Million Target Corpus

• ByStartupStory     |    December 10, 2024

Venture debt firm Stride Ventures has announced the launch of its fourth fund with a target corpus of $300 million, making it the firm’s largest domestic fund to date. This milestone comes as Stride Ventures achieves significant growth in the venture debt segment, having surpassed $1 billion in venture debt commitments.

The company revealed that Fund 1 has been fully returned to investors, which included banks, high-net-worth individuals (HNIs), and others. The firm has been instrumental in providing venture debt to prominent players in the Indian startup ecosystem, including BlueStone, Upstox, Moneyview, Ather, Pharmeasy, Infra.Market, Battery Smart, Moove, Ola Electric, and Lohum. Some of its ticket sizes have exceeded ₹100 crore, reflecting its leadership in the industry.

Commenting on the launch of the fourth fund, Apoorva Sharma, Managing Partner at Stride Ventures, said: “This milestone is not just about the numbers—it reflects the trust our partners have placed in us and the shared belief in the transformative power of alternative finance in India and beyond. Our role is of an enabler, working alongside founders and stakeholders to unlock possibilities beyond financial support. This journey has been one of collaboration, learning, and resilience, and it inspires us to continue empowering entrepreneurs and building a future where innovation thrives.”

Stride Ventures’ achievement of surpassing $1 billion in venture debt commitments solidifies its position as the first Indian fund in this segment to reach such a scale. Highlighting the importance of this milestone, Ishpreet Singh Gandhi, Founder and Managing Partner at Stride Ventures, stated: “Crossing the $1 billion milestone is a testament to the strength of India’s startup ecosystem and the growing recognition of venture debt as a powerful enabler. At Stride, we remain committed to empowering entrepreneurs with innovative solutions that drive sustainable growth.”

Stride Ventures previously closed its third fund in May 2024 at $165 million. The firm had earlier raised $50 million for its first fund in 2019 and $200 million for its second fund in 2021.

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