Stride Ventures expects final closure of third venture debt fund in four months

Stride Ventures, a prominent venture capital firm, has recently announced the first close of its third venture debt fund, securing an impressive $100 million. This significant milestone sets the stage for the fund's ultimate target of achieving a final close surpassing $200 million, enabling Stride Ventures to meet the growing debt requirements and global ambitions of Indian startups.

Speaking to CNBC-TV18, Ishpreet Singh Gandhi, the Founder of Stride Ventures expressed his optimism about the future, stating, "We expect the final closure of our third venture debt fund to be completed within the next four months."

The credit requirement among startups in India remains fairly high, making access to reliable debt financing crucial for their success. Stride Ventures recognizes this need and has strategically positioned itself to bridge the funding gap through their venture debt funds. By deploying capital from the third fund, the company aims to meet the diverse financial needs of startups operating in a wide range of sectors, fostering their growth and expansion in both domestic and international markets.