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Strideone Raises Rs 250 Crore To Offer Debt To Indian Startups

Strideone Raises Rs 250 Crore To Offer Debt To Indian Startups

05/31/22, 7:22 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgdelhi
Money raised
₹2.5 billion
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 Info

Company
Stride One
Location
delhi, delhi, india
Additional Info
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.