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.