The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, has joined forces with Stride Ventures, a premier venture debt firm, to turbocharge the growth of Indian startups and extend their global reach.
This powerful partnership is set to unlock a wealth of opportunities for startups by combining financial backing with strategic mentorship and seamless market access.
Emphasizing the macroeconomic significance of this initiative, Sh. Sanjiv, Joint Secretary of Startup India, noted that these collaborative efforts will amplify India’s economic agenda, fostering innovation and entrepreneurship as pivotal drivers of economic progress.
Aligned with the Government of India’s “Make in India” and “Make for the World” strategies, this partnership focuses on sectors like manufacturing, consumer, B2B, and cleantech. Stride Ventures will spearhead tailored programs and contribute to initiatives like the Bharat Grand Challenge to fuel entrepreneurship, innovation, and investment, Sh. Sanjiv added.
Echoing this enthusiasm, Ishpreet Singh Gandhi, Founder & Managing Partner of Stride Ventures, said, “Partnering with DPIIT injects new energy into our mission to empower entrepreneurs to ‘Make in India’ and create impactful, globally recognized solutions. With our billion-dollar commitment to fostering startups, we are steadfast in our mission to bolster India’s startup ecosystem. Together, we aim to unlock immense potential and drive transformative global impact.”
Stride Ventures will zero in on identifying high-potential startups, offering robust funding, market access, and policy support for both Indian startups eyeing global expansion and international startups entering India. Special attention will be given to startups from tier-2 and tier-3 cities, providing them with tailored guidance, mentorship, and access to a global mentor network to accelerate their growth. Additionally, the initiative aims to raise awareness about diverse funding options, including venture debt, enabling startups to realize their growth aspirations.
