Venture debt firm Stride Ventures to close first India fund at $48m

Stride Ventures founder and Managing Partner Ishpreet Gandhi

Venture debt firm Stride Ventures is in the process of closing its first India fund at 350 crore, and is planning to launch a second, larger fund later this year, said a top executive.

The fund was launched in end-2019 and will invest in 25-30 growth-stage companies across sectors. It has already deployed 170 crore in 11 companies in 2020.

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