On Tuesday, StrideOne raised Rs 250 crore via a mix of equity (led by Elevar Equity) and debt from banks.
StrideOne plans to introduce a new distribution model for its supply chain and cross the Asset Under Management mark of Rs 200 crore within six months of inception worldwide.
The company aims to reduce technological and financing gaps by leveraging the existing ecosystem to provide credit-related and other financial products.
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“We have been trying to innovate newer structures that would be further conducive to startups who are looking to expand and grow their businesses,” said Ishpreet Singh Gandhi, Founder, StrideOne.
StrideOne, an NBFC licensed by the Reserve Bank of India, said it leverages its team’s expertise and deep-rooted understanding of the startup (anchor) ecosystem’s financing need-gaps and their data on business performance and cash flows.
