New Delhi: In a bid to catalyze the growth of Indian startups and widen their global footprint, the Department for Promotion of Industry and Internal Trade (DPIIT), has partnered with Stride Ventures, a leading venture debt firm.
The sector-agnostic and stage-neutral portfolio of Stride Ventures boasts over 150+ startups across 12+ sectors, including 15+ unicorns. The DPIIT today said this collaboration will be instrumental in creating enormous opportunities for startups by integrating financial support with strategic mentorship and market access.
Following this partnership, Stride Ventures will curate dedicated programmes and collaborate on engagements like the Bharat Grand Challenge to promote entrepreneurship, innovation, and investment, Joint Secretary Startup India, Sanjiv, said.
Highlighting the macroeconomic impact of this collaboration, Sanjiv said that these efforts would “certainly reinforce” India’s broader economic agenda to boost innovation and entrepreneurship as a stepping stone to achieve overall economic growth.
The Ministry of Commerce and Industry stated that this endeavour aligns with the Government of India’s Make in India and Make for the World strategies, targeting sectors such as manufacturing, consumer, B2B, and cleantech.
Meanwhile, unfolding the blueprint of his company’s perspective on this behalf, Ishpreet Singh Gandhi, Founder and Managing Partner of Stride Ventures, said, “The collaboration with DPIIT adds new momentum to our mission of empowering entrepreneurs to ‘Make in India’ and create impactful, globally resonant solutions. This partnership, coupled with our billion-dollar commitment to nurturing startups, reaffirms our resolve to strengthen India’s startup ecosystem. Together, we aim to unlock immense potential and deliver transformative impact at a global scale, he said.
Stride Ventures will give thrust focus on identifying startups with high growth potential, offering funding, market access, and policy support to Indian startups aiming to expand globally and global startups entering India. Startups from tier-2 and tier-3 cities will receive targeted guidance, mentorship, and access to a global mentor network to support their scaling journey. Additionally, the initiative will create awareness about diverse fundraising instruments, including venture debt, to enable startups to cherish their growth aspirations.
– global bihari bureau
