Venture debt fund research profile
Stride Ventures is a Delhi-based venture-debt manager lending to growth-stage startups across consumer, fintech, SaaS, mobility, agritech, healthtech and climate-linked businesses. Its public record shows a rapid fund-building trajectory, an increasingly broad borrower base, and a shift from domestic venture debt toward wider private-credit and international partnerships.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Stride Ventures uses a venture debt approach across Venture debt, growth credit, climate finance.
Current evidence
Stride’s current manager materials identify it as a global venture-debt and growth-credit platform with operations across India, the GCC, Southeast Asia and the UK. Its 2025 history records the first close of an Abu Dhabi Global Market fund, while its 2025 news archive documents BlueStone’s public listing and an active portfolio. The manager reports 220+ portfolio companies and $2B+ of credit enabled globally; India vehicle terms, current availability and fund-level returns remain not publicly disclosed.
Strategy
Venture debt
Sector focus
Venture debt, growth credit, climate finance
AIF structure context
Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Stride’s current manager materials identify it as a global venture-debt and growth-credit platform with operations across India, the GCC, Southeast Asia and the UK. Its 2025 history records the first close of an Abu Dhabi Global Market fund, while its 2025 news archive documents BlueStone’s public listing and an active portfolio. The manager reports 220+ portfolio companies and $2B+ of credit enabled globally; India vehicle terms, current availability and fund-level returns remain not publicly disclosed.
Investor questions
Stride Ventures is covered in Rupeia's private credit research universe. The current public record describes the strategy as Venture debt, with a sector focus of Venture debt, growth credit, climate finance. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Stride Ventures in the reviewed public sources: BlueStone; Zepto; SUGAR Cosmetics; Lohum; Ather; AgroStar; Cashfree Payments; Battery Smart. It does not represent a complete current portfolio unless the manager has published one.
Stride stated that early investors in Fund I had received more than 100% of commitments through coupon payouts and principal redemptions. This is a manager statement and should not be read as a verified net IRR or DPI. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Fund III closed at $165 million in 2024 after a $100 million first close. Fund IV was launched with a reported $300 million target corpus in December 2024.. Public terms or access information: Public reporting describes venture debt for startups with robust business models and unit economics; an earlier Stride disclosure described tickets up to ₹70 crore and a four-year deployment/recycling period for Fund II.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Ishpreet Singh Gandhi (Founder & Managing Partner); Apoorva Sharma (Managing Partner); Rajit Uboweja (Partner); Pankaj Kwatra (Partner & CFO). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: Current fund-by-fund capacity, fees/carry, realized loss history and India-only returns remain not publicly disclosed; portfolio attribution is limited to companies named on the manager’s current portfolio pages and direct manager announcements..
2025-07-15: Stride’s current manager materials identify it as a global venture-debt and growth-credit platform with operations across India, the GCC, Southeast Asia and the UK. Its 2025 history records the first close of an Abu Dhabi Global Market fund, while its 2025 news archive documents BlueStone’s public listing and an active portfolio. The manager reports 220+ portfolio companies and $2B+ of credit enabled globally; India vehicle terms, current availability and fund-level returns remain not publicly disclosed.
Next step
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