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Strideone Raises Rs 250 Crore To Offer Debt To Indian Startups

May 31, 2022•over 3 years ago

Amount Raised

₹2.5 Billion

Delhi

Description

New Delhi: StrideOne, a financial services platform for startups, announced on Tuesday that it has secured Rs 250 crore via a mix of equity (led by Elevar Equity) and debt from banks.

Company Information

Company

Stride One

Location

Delhi, Delhi, India

About

The platform aims to help Indian startups expand and scale, and it plans to develop more products that address both credit and non-credit needs for startups and MSMEs. StrideOne, which was started by venture debt fund Stride Ventures, introduced a startup-led loan distribution mechanism for their supply chains and crossed the Rs 200 crore milestone in AUM (assets under management) in six months since its inception.