The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Stride Ventures to support the global expansion of Indian startups. The partnership aims to integrate financial backing with strategic mentorship and market access to create new opportunities for entrepreneurs across the country. Sanjiv, Joint Secretary in DPIIT, said the partnership will design dedicated programs and team up on various engagements, including the Bharat Grand Challenge, to promote entrepreneurship, innovation, and investment.
These efforts align with the government’s Make in India and Make for the World initiatives, especially in sectors such as manufacturing, consumer, business-to-business, and cleantech. Ishpreet Singh Gandhi, Founder and Managing Partner of Stride Ventures, welcomed the partnership as a major step toward empowering businesses that “Make in India” for global markets.
DPIIT and Stride empower startups
The venture debt firm plans to focus on identifying startups with significant growth potential and will offer funding, policy support, and market access. The partnership also aims to support global startups looking to enter the Indian market, providing a platform that benefits both local and international companies. This is expected to include targeted guidance and mentorship for startups based in tier-2 and tier-3 cities, as well as connections to a global network of mentors who can advise on best practices and pathways to scale.
The initiative will also highlight various fundraising options, including venture debt, so emerging businesses can chart the right course for growth. This collaboration marks a significant step in reinforcing India’s startup ecosystem and promoting a culture of innovation and entrepreneurship on a global scale.
