Stride Ventures launches fourth fund with $300 million target corpus

Stride Ventures, a venture debt firm, has announced the launch of its fourth fund, targeting a corpus of $300 million.

This move comes as the firm celebrates surpassing $1 billion in commitments across more than 150 portfolio companies, a milestone that underscores the growing influence of venture debt in India.  

Empowering startups with venture debt  

Stride Ventures, which has backed notable companies like BlueStone, Upstox, Moneyview, and Ather, continues to play a pivotal role in fostering India's innovation ecosystem.

"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. Our journey inspires us to continue empowering entrepreneurs and fostering innovation," said Apoorva Sharma, Managing Partner at Stride Ventures.

Robust performance and expansion  

The firm’s first fund has already delivered impressive returns to investors, including banks and high-net-worth individuals (HNIs), setting a benchmark for future funds.

Stride Ventures recently closed its third fund at $165 million, focusing on startups in consumer brands, financial services, and cleantech sectors.  

To support its growth, Stride has expanded its leadership team, adding new partners and promoting senior talent. This strategic enhancement positions the firm to cater to India's burgeoning demand for venture debt.  

Global outreach and future vision  

Stride Ventures operates from four global offices in India, the UAE, the UK, and Singapore, marking its readiness to meet diverse startup needs across geographies.

"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 key enabler," said Ishpreet Singh Gandhi, Founder and Managing Partner at Stride Ventures.