Private Equity

PE Fund Investments

Financial services platform StrideOne raises Rs.250-Cr led by Elevar Equity

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Financial services platform StrideOne has raised INR 250 crore (about USD 32 million) in a mix of equity and debt in a round led by Impact / Social VC investor Elevar Equity. The Gurugram-headquartered non-banking financial company (NBFC) firm, promoted by venture debt investor Stride Ventures and operating in “stealth mode” for the last six months - provides customised financial products (starting with loans) to micro, small, and medium enterprises (MSMEs) and supply chain partners of startups. It has recently acquired EzCred - a tech platform with a lending marketplace - to improve its tech offering. It plans to invest more in technology startups in 2022. With 20 members, StrideOne claims to have accessed untapped borrower segments in a risk-efficient manner. Its credit distribution model allows MSMEs to access customised growth capital. At present, it has 20 anchor startups as its customers and INR 200 crore in assets under management.