Stride Ventures announces new fund, targets corpus of up to Rs 1,875 crore

Investment firm Stride Ventures on Tuesday announced a debt fund for Indian startups with corpus that can go up to Rs 1,875 crore.

The firm will continue investing in early to late-stage startups with ticket size from the new fund expected to go up to Rs 70 crore, Stride Ventures said in a statement.

“Stride Ventures is launching Stride Ventures India Fund II with a targeted corpus of Rs 1,000 crore and a greenshoe option to raise an additional Rs 875 crore,” the statement added.

With this targeted corpus, Stride Ventures expects to recycle Rs 3,000 crore total debt funding in startups over a period of four years.