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.
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.
“We at Stride Ventures have been constantly trying to innovate newer and better structures that would be further conducive to startups who are looking to expand and grow their businesses,” said Ishpreet Singh Gandhi, founder, StrideOne.
“It has been a supremely gratifying journey for us already and with Elevar’s deep expertise in democratizing access to capital for underserved customer segments, we look forward to doubling down on our milestones in FY’23 and beyond,” Gandhi added.
StrideOne recently acquired tech firm EzCred platform and plans to make more tech-focused acquisitions in 2022.
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“The accelerated scale displayed by StrideOne reiterates the massive opportunity waiting to be unlocked in the extended startup ecosystem and we are excited to partner with them to bring it to life,” said Jyotsna Krishnan, managing partner, Elevar Equity.
