Private Equity

PE-VC Fund Investments

Stride Capital’s NBFC arm raises Rs.100-Cr; Rajesh Sud appointed Chairman & Co-founder

Inc42  

Gurugram-based StrideOne, the non-banking financial company (NBFC) arm of venture debt firm Stride Capital, has raised INR 100 crore (about USD 11 million) in a mix of equity and debt capital.Founded in 2021 by Ishpreet Gandhi and Abhinav Suri, StrideOne provides financial solutions to MSMEs (micro, small and medium enterprises) and SMEs (small and medium enterprises) across India, including supply chain financing, receivable management, and platform financing.The new funds will be used to expand enterprise anchor programs, strengthen the partner-lender network, and build technology and risk infrastructure.StrideOne has appointed Rajesh Sud as its co-founder and chairman. He has also acquired an equity stake. Sud previously served as chairman of Axis Max Life Insurance and held leadership positions at Bharti Enterprises, Bank of America, and ANZ Bank.

Between Jan 2022 and Aug 2022, StrideOne had attracted about USD 38 M from Elevar Equity and others.For FY25, StrideOne had reported about INR 10 Cr in Operating Income and about INR 33 Cr in Net Loss.