The Department for Promotion of Industry and Internal Trade (DPIIT) has announced a partnership with venture debt firm Stride Ventures to support startups with high growth potential. This collaboration aims to address funding requirements while integrating strategic mentorship and market access to empower emerging businesses.
As part of this initiative, Stride Ventures will curate tailored programmes and participate in engagements such as the Bharat Grand Challenge, which focuses on promoting entrepreneurship, fostering innovation, and encouraging investment in India's start-up ecosystem.
DPIIT stated that the collaboration will prioritise identifying high-potential startups and providing them with funding, policy support, and expanded market access. Additionally, start-ups from tier-2 and tier-3 cities will receive targeted guidance, mentorship, and opportunities to connect with a global mentor network to accelerate their growth.
The partnership also aims to create awareness about diverse fundraising instruments, including venture debt, to help start-ups achieve their growth aspirations and scale their operations effectively.
