Debt

Debt financing

Lender to cab drivers Moove secures $10-M from Stride Ventures

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Gurugram-based mobility fintech startup Moove has secured USD 10 million in debt from Stride Ventures. The startup will use the funds to expand to Delhi, Pune, and Kolkata. It will also increase its fleet size to 5,000 cars.Established in 2020, Moove provides revenue-based vehicle financing and financial services to mobility entrepreneurs across ride-hailing, logistics, mass transit, and instant delivery platforms. The startup was founded by British-born Nigerians Ladi Delano and Jide Odunsi.