The firm said this milestone cements Stride Ventures' leadership as the first Indian fund in this segment to achieve this scale. It has also launched $300 mn Fund IV
Deployments exceeding Rs 100 crore include companies like BlueStone, Upstox, Moneyview, Ather, among others
The reason, four of the firm's partners said in a joint interview, is that market conditions have changed for the worse
Country is leader in Asia Pacific for private debt, says investment data company
Its Venture Debt Scheme has been significantly oversubscribed with a final close at Rs 1,550 crore
Indian startups cumulatively raised $1.2 billion in venture debt investments across around 175-190 deals last year, a 50 per cent rise from $800 million raised across 170-180 deals in 2022
The investment commitments are usually received in tranches from investors by the fund managers and are reflected in the total funds raised
Though demand for venture debt is rising, players are becoming more cautious. Many hope that 2024 will offer good opportunities
The Nifty Midcap 100 index has rallied 27 per cent, while the Nifty Smallcap 100 index has rallied 30 per cent
Firm invests in startups that exhibit robust business models and strong unit economics
Funding round led by Utah-based Zions Venture Fund; CometChat offers a full-fledged messaging and communications platform within apps and websites to improve a brand's user engagement
For investors, making a loss is part of business strategy, but for venture debt players, default is a risky proposition, yet, players in venture debt segment are unperturbed so far
Company says it will 'aggressively expand' presence in US, Africa and West Asia
Company that provides debt capital says its assets under management have grown 55% YoY
Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle
An Indian technology-enabled venture debt platform for early stage start-ups on Wednesday announced its expansion to the UK market. 8vdX said its aim is to offer cross-border venture debt, or a type of finance, to start-ups through local entities in the new geography. By 2024, 8vdX said it aims to fund 100 start-ups with assets under management (AUM) of USD 200 million and also has plans to expand to other countries such as Singapore and Australia. We are delighted to announce the expansion of our operations in key markets like Singapore, UK and Australia within just eight months of launching 8vdX, said Ravi Chachra, Co-Founder of 8vdX. We aim to offer a cross-border venture debt solution to the start-ups in these countries so that founders can spend more time on their businesses and less time on chasing small ticket investors. Start-ups do not require the flip' process in order to raise cash. "We are working to solve a significant problem that start-ups and rapidly expanding ...
Part of Y-Combinator's winter 2022 batch, 8vdx has already disbursed $2.8 mn to 16 startups, including two from India
The three startups are Blu-Smart Mobility-an electric shared mobility platform, BigHaat-an agri inputs digital marketplace platform and LoanTap- a fintech offering personal loans
Trifecta Capital has committed Rs 3,500 crore in venture debt and equity investments across more than 85 start-ups till date
Announces greenshoe option to raise an additional Rs 875 cr