The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Stride Ventures to support Indian startups with high growth potential. The collaboration aims to provide funding, mentorship, and market access to these startups, including those from tier-2 and tier-3 cities. Stride Ventures will also work to promote awareness about various fundraising instruments available to help startups achieve their growth aspirations.
Ishpreet Singh Gandhi and Apoorva Sharma, managing partners at Stride Ventures, are key figures in driving this partnership forward.
Venture support for Indian startups
This initiative is part of DPIIT’s broader strategy to foster innovation and entrepreneurship across India.
By leveraging Stride Ventures’ expertise in venture debt, the partnership seeks to fuel the growth of new businesses. The focus on startups in smaller cities is intended to democratize access to crucial resources that can catalyze economic development and technological advancement nationwide. DPIIT and Stride Ventures are committed to nurturing a vibrant startup ecosystem by addressing financial challenges and providing strategic guidance.
Their goal is to ensure that aspiring entrepreneurs have the support they need to succeed.