The Department for Promotion of Industry and Internal Trade (DPIIT), part of the Ministry of Commerce and Industry, has partnered with Stride Ventures, a prominent venture debt firm, to accelerate the growth of Indian startups and support their global expansion.
This collaboration aims to combine financial support with strategic mentorship and market access, fostering new opportunities for entrepreneurs nationwide. Officials highlight that this initiative aligns with India’s broader economic goals of promoting innovation and entrepreneurship.
Speaking on the partnership, DPIIT Joint Secretary Sanjiv announced that Stride Ventures will develop specialized programs and collaborate on initiatives such as the Bharat Grand Challenge to drive entrepreneurship, innovation, and investment. These efforts will align with government initiatives like “Make in India” and “Make for the World,” with a focus on sectors such as manufacturing, consumer goods, B2B, and cleantech.
Stride Ventures Founder and Managing Partner Ishpreet Singh Gandhi described the partnership as a significant step in empowering businesses that manufacture in India for global markets. He emphasized Stride’s billion-dollar commitment to strengthening India’s startup ecosystem, unlocking its vast potential, and creating global impact.
Stride Ventures will concentrate on identifying high-potential startups and providing funding, policy support, and market access. Additionally, the partnership will extend support to international startups entering the Indian market, creating a mutually beneficial platform for local and global players.
The initiative will also focus on mentoring startups from tier-2 and tier-3 cities, connecting them to a global network of advisors who can provide insights on scaling and best practices. Furthermore, it will spotlight diverse fundraising options, including venture debt, to help emerging businesses chart sustainable growth paths.
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