The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Stride Ventures to support Indian startups in their global expansion efforts. The collaboration aims to provide funding, mentorship, and market access to startups with high growth potential. Sanjiv, Joint Secretary in DPIIT, stated that Stride Ventures will design dedicated programs and collaborate on various initiatives, such as the Bharat Grand Challenge, to promote entrepreneurship, innovation, and investment.
These efforts align with the government’s Make in India and Make for the World initiatives, particularly in sectors like manufacturing, consumer, business-to-business, and cleantech. The founder and managing partner of Stride Ventures welcomed the partnership as a major step toward empowering businesses that “Make in India” for global markets. The firm plans to identify startups with significant growth potential and offer funding, policy support, and market access.
Stride Ventures partners with DPIIT
The partnership also aims to support global startups looking to enter the Indian market, providing a platform that benefits both local and international companies. This includes targeted guidance and mentorship for startups based in tier-2 and tier-3 cities, as well as connections to a global network of mentors who can advise on best practices and pathways to scale.
Ishpreet Singh Gandhi and Apoorva Sharma, managing partners at Stride Ventures, highlighted the importance of this collaboration in addressing the funding challenges faced by startups across various regions. They emphasized that the partnership is a significant step towards fostering innovation and entrepreneurship in India. The initiative will also highlight various fundraising options, including venture debt, enabling emerging businesses to chart the right course for growth.
By reaching out to startups in smaller cities, DPIIT and Stride Ventures aim to unlock new growth avenues and create a more inclusive entrepreneurial environment.