Investment Firm Stride Ventures Closes Second India Fund At $200 Mn
Stride Ventures, the venture debt firm, on Wednesday announced the close of its second India fund at $200 million for investments in consumer, financial technology, agriculture technology, B2B commerce and other sectors.
Stride Ventures India Fund II witnessed participation from banks, family offices, corporate treasuries, sovereign funds, private equity funds, insurance firms, and high net worth individuals. The fund’s first close in August 2021 had similar participation.
The fund’s portfolio includes CredAvenue (Yubi), MyGlamm, Zepto, BluSmart, Uni, Upstox, WayCool, MensaBrands, MediBuddy, Wiz Freight, Perfios, Moneyview, VideoVerse, Chalo, and Groyyo.
"Stride Ventures has already committed a large portion of the fund in industry-leading startups and our goal is to continue being a preferred lender while developing innovative alternate financing solutions for founders,” said Ishpreet Singh Gandhi, founder and managing partner of 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. The success of our second fund is a testament,” said Apoorva Sharma, partner at Stride Ventures.
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more