DPIIT partners With Stride Ventures to support global expansion of Indian startups

The Department for Promotion of Industry and Internal Trade, under the Ministry of Commerce and Industry, has joined hands with Stride Ventures, a leading venture debt firm, to boost the growth of Indian startups and help them expand worldwide.

According to the department, the partnership will integrate financial backing with strategic mentorship and market access to create new opportunities for entrepreneurs across the country. Officials say the move is likely to strengthen India’s larger economic agenda of encouraging innovation and entrepreneurship.

Stride Ventures to design dedicated programs

In announcing the collaboration, Joint Secretary in DPIIT, Sanjiv, said Stride Ventures will design dedicated programs and team up on various engagements, including the Bharat Grand Challenge, to promote entrepreneurship, innovation and investment.

He added that these efforts align with the government’s Make in India and Make for the World initiatives, especially in sectors such as manufacturing, consumer, business-to-business and cleantech. 

Stride Ventures Founder and Managing Partner Ishpreet Singh Gandhi welcomed the partnership as a major step toward empowering businesses that “Make in India” for global markets.

He said his firm’s billion-dollar commitment to nurturing startups reflects its strong determination to strengthen India’s startup ecosystem, unlock the country’s immense potential and deliver impact worldwide.

Focusing on identifying startups with growth potential

Stride Ventures plans to focus on identifying startups with significant growth potential and will offer funding, policy support and market access. According to DPIIT, the partnership also aims to support global startups looking to enter the Indian market, providing a platform that benefits both local and international companies.

This is expected to include targeted guidance and mentorship for startups based in tier-2 and tier-3 cities, as well as connections to a global network of mentors who can advise on best practices and pathways to scale.

The initiative will also highlight various fundraising options, including venture debt, so emerging businesses can chart the right course for growth.