Investments
56Funds
5About Stride Ventures
Stride Ventures invests in new age businesses across life cycles. It provides customized debt solutions to Indian businesses with institutional backing, robust corporate governance, and strong unit economics and operating cash flows. The firm was founded in 2019 and is based in New Delhi, India.
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Latest Stride Ventures News
Jun 2, 2023
Synopsis Chalo also announced an additional $12 million secured in venture debt from Trifecta and Stride Ventures. This takes the total funds raised by the company to $119 million. The latest round values the company at around $450 million, sources said. ETtech on May 23, 2023) Public transport technology company Chalo has raised $45 million in a funding round led by Avataar Ventures , along with existing investors Lightrock India, WaterBridge Ventures, and Amit Singhal, former Senior VP and head of Google Search. Chalo also announced an additional $12 million secured in venture debt from Trifecta and Stride Ventures. This takes the total funds raised by the company to $119 million. The latest round values the company at around $450 million, sources said. Chalo is a tech platform to improve the consumer experience in city buses and make buses more reliable. With the Chalo App, passengers can track their bus and see its live arrival time, eliminating waiting time at bus stops. For bus operators, the company offers a dedicated mobile app that they can use to monitor their buses live, and a digital tickets platform that enables mobile, card, and cash tickets in buses. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Friday, 02 Jun, 2023 Data released Thursday indicated India’s sustained economic momentum at the start of the new fiscal year, with goods and services tax (GST) collection growing at a rapid clip in May as manufacturing activity hit a 31-month high in the month. Vehicle and fuel sales backed up the trend.
Stride Ventures Investments
56 Investments
Stride Ventures has made 56 investments. Their latest investment was in Chalo as part of their Debt on May 5, 2023.
Stride Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/22/2023 | Debt | Chalo | $12M | Yes | 2 | |
5/10/2023 | Debt - II | Ripplr | $12M | No | 2 | |
5/10/2023 | Seed VC - II | Castler | $5M | Yes | 4 | |
5/3/2023 | Seed VC | |||||
5/2/2023 | Series B |
Date | 5/22/2023 | 5/10/2023 | 5/10/2023 | 5/3/2023 | 5/2/2023 |
|---|---|---|---|---|---|
Round | Debt | Debt - II | Seed VC - II | Seed VC | Series B |
Company | Chalo | Ripplr | Castler | ||
Amount | $12M | $12M | $5M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 2 | 2 | 4 |
Stride Ventures Fund History
5 Fund Histories
Stride Ventures has 5 funds, including Stride Ventures Debt Fund III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
5/9/2023 | Stride Ventures Debt Fund III | $100M | 2 | ||
8/4/2021 | Stride Ventures India Fund II | ||||
1/28/2021 | Stride Venture India Debt Fund I | ||||
12/10/2019 | Stride Ventures I | ||||
12/10/2019 | Stride Ventures India Fund |
Closing Date | 5/9/2023 | 8/4/2021 | 1/28/2021 | 12/10/2019 | 12/10/2019 |
|---|---|---|---|---|---|
Fund | Stride Ventures Debt Fund III | Stride Ventures India Fund II | Stride Venture India Debt Fund I | Stride Ventures I | Stride Ventures India Fund |
Fund Type | |||||
Status | |||||
Amount | $100M | ||||
Sources | 2 |
Stride Ventures Team
1 Team Member
Stride Ventures has 1 team member, including current Managing Partner, Abhinav Suri.
Name | Work History | Title | Status |
|---|---|---|---|
Abhinav Suri | IDFC First Bank, Australia and New Zealand Banking Group, GE Capital, and Citigroup | Managing Partner | Current |
Name | Abhinav Suri |
|---|---|
Work History | IDFC First Bank, Australia and New Zealand Banking Group, GE Capital, and Citigroup |
Title | Managing Partner |
Status | Current |
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