Investment platform Strides Ventures has announced the launch of debt fund for startups based in India. The firm is looking to target corpus of 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,” informed Strides Ventures 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,” it added.
The statement also said, “The new fund will have a commitment period of four years within which the capital will be deployed and recycled. The firm has funded more than 20 companies from Stride Ventures India Fund I which includes start-ups like Pocket Aces, Miko, Sugar Cosmetics Home Lane, Zetwerk etc.”
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