Stride Ventures raises $100 mn for onlending to new-age companies ...Middle East

Business Standard - Economy

Stride Ventures, which provides debt capital to new-age companies, on Tuesday said it has raised USD 100 million (about Rs 820 crore) for onlending. This is the first close of the third venture debt fund by the firm, and the company is targeting to raise another USD 100 million as part of the fund, as per a statement. The first close was achieved within four months of getting a license for the third fund, the statement said, adding institutional investors -- including banks, insurance companies and family offices -- have backed the fund. The company counts on over 100 clients, including Sugar Cosmetics, Mensa Brands, Exotel and has so far sanctioned over Rs 5,000 crore to the Indian startup

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Last updated : 09 May 2023 clock 02:57 PM

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Stride Ventures raises $100 mn for onlending to new-age companies ...Middle East

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