Stride Ventures Launches $137 Mn Fund II, To Invest $10 Mn In Late Stage Startups
India, May 25 -- Delhi-based venture debt firm Stride Ventures has announced the launch of its Fund II to invest up to INR 70 Cr ($9.6 Mn) in late stage startups. The target corpus of Stride Ventures' Fund II is INR 1,000 Cr ($137 Mn) with a greenshoe option of INR 875 Cr ($120 Mn). The investment firm is looking at the first close of Fund II within the next three months, August 2021.
While the fund continues to be sector agnostic, Stride Ventures will look to invest primarily in business-to-business (B2B), commerce and software-as-a-services (SaaS) consumer, healthtech, fintech, agritech and a few more sectors. The second fund is expected to witness participation from large family offices, sovereign funds, private equity (PE) funds, ins...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.