The firm said this milestone cements Stride Ventures' leadership as the first Indian fund in this segment to achieve this scale. It has also launched $300 mn Fund IV
Indian startups cumulatively raised $1.2 billion in venture debt investments across around 175-190 deals last year, a 50 per cent rise from $800 million raised across 170-180 deals in 2022
Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle
Out of the second fund which has a target corpus of Rs 350 crore, the VC firm is looking at investing in around 20 start-ups in a span of 3-4 years beginning this year
Alteria Capital, the venture debt fund floated by Hattangdi and his former colleague Vinod Murali, has roped in a public sector bank and a private bank