The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce & Industry has partnered with Stride Ventures, a prominent venture debt firm, to accelerate the growth of Indian startups and enhance their global footprint.
This collaboration aims to integrate financial support, strategic mentorship, and market access for startups, aligning with India’s broader economic goals under the “Make in India” and “Make for the World” strategies. The initiative will particularly focus on high-growth sectors such as manufacturing, consumer goods, B2B, and cleantech.
Key Highlights of the Collaboration:
- Empowering Entrepreneurs: Stride Ventures has committed to providing funding, mentorship, and access to a global mentor network for startups, especially those from tier-2 and tier-3 cities.
- Dedicated Programs: Initiatives like the Bharat Grand Challenge will promote innovation and investment, helping startups expand globally and enabling international startups to enter the Indian market.
- Diverse Funding Mechanisms: Startups will be educated on varied fundraising instruments, including venture debt, to support their aspirations.
Ishpreet Singh Gandhi, Founder & Managing Partner of Stride Ventures, emphasized the mission of empowering entrepreneurs to “Make in India” and deliver impactful, globally competitive solutions.
