Venture debt player Stride Ventures launches Rs 1,000-cr second fund

Announces greenshoe option to raise an additional Rs 875 cr

Venture debt fund Stride Ventures is rolling out its second fund with a targeted corpus of Rs 1,000 crore and a greenshoe option to raise an additional Rs 875 crore. The firm will continue investing in early to late-stage startups with ticket size from the new fund expected to go upto Rs 70 crore.

The new fund will have a commitment period of four years within which the capital will be deployed and recycled, said the company.

The fund will be primarily focusing on sectors such as B2B  commerce and SaaS, consumer, healthtech, fintech, agritech, amongst others. The second fund will see