The third fund has garnered strong support from a diverse mix of investors, including insurance companies, family offices, corporate treasuries and high net-worth individuals (HNI), it said in a statement.
This comes in contrast to Venture Capital (VC) investment in the Indian startup ecosystem, which experienced a significant funding downturn last year, a report by investment firm Stride Ventures notes.
Established in 2020, Moove has been a pioneering force in transforming global mobility by integrating alternative credit-scoring technology into ride-hailing platforms
StrideOne, an NBFC, sees synergies in getting access to LetsVenture’s network of 18,000 angel and institutional investors to offer more financial solutions to its startup ecosystem, according to sources.
Stride Ventures plans to raise another $100 million for the final close of the fund.
GoMechanic's latest funding round was called off last week following alleged misreporting of financials during due diligence, which the founders later admitted to.
The new funding round was a mix of long-term debt capital from venture debt firms Alteria Capital and Stride Ventures and working capital finance from banks such as Standard Chartered Bank, HDFC Bank, and ICICI BankLEAD plans to use the funding for financing the company's organic and inorganic growth.
The Series A funding round, which was a mix of equity and debt, also witnessed the participation of Saama Capital, India Quotient, AUM Ventures and Stride Ventures
Groyyo is betting on the SME manufacturing industry, which it expects to be worth $120 billion already and sees it growing 5x by 2025.
With this, homegrown Stride Ventures has become the first venture-debt lender to the tech-enabled freight forwarding company headquartered in Chennai, Tamil Nadu.
The emerging asset class seems to have had a breakout year in 2021. Will the next year be any different?
Gandhi added that the company typically funds startups in the edu-tech, agritech, consumer, logistics and healthtech sectors.
Part of the funds will also be deployed to enhance HomeLane's technology offering to give consumers a better interior service experience by focusing on its proprietary 3D design platform, Spacecraft, the company statement added.
ZipLoan caters to the need of working capital loans for kirana stores and micro industries. Its proprietary platform ZipScore, which tests credit worthiness of a borrower, has helped maintain non-performing assets at under 3 per cent, the statement said.