Stride Ventures marks first close of second fund at Rs 550 crore

Mumbai: Stride Ventures has announced the first close of its second fund at Rs 550 crore within two months of launch, making it one of the fastest fundraisings of this size in the region.

The venture debt firm had in May launched its Rs 1,000-crore Stride Ventures India Fund II, with a green shoe option to raise an additional Rs 875 crore.