India: Stride Ventures hits final close of second debt fund at $200m
The fund — Stride Ventures India Fund II — reached its first close in August last year within two months of launch.
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The fund — Stride Ventures India Fund II — reached its first close in August last year within two months of launch.
The fund’s portfolio includes Yubi, MyGlamm, Zepto, BluSmart, Uni, Upstox, WayCool, MensaBrands, MediBuddy, Chalo and Groyyo, amongst others
The firm was initially targeting to raise Rs 1000 crore for the second fund. A first close of Rs 500 crore was announced in August 2021.
According to an Inc42 analysis, India had more than 800 direct-to-consumer (D2C) new-age brands operating in India as of 2021
GMO Venture Partners, DG Daiwa Ventures, Blume Ventures, Arkam Ventures and Mirae Asset, among others participated in the fundraising round