The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Stride Ventures to support Indian startups in their global expansion efforts. The partnership aims to provide funding, mentorship, and market access to startups with high growth potential. According to DPIIT officials, the collaboration will integrate financial backing with strategic guidance to create new opportunities for entrepreneurs across the country.
The move is expected to strengthen India’s larger economic agenda of encouraging innovation and entrepreneurship. Sanjiv, Joint Secretary in DPIIT, said Stride Ventures 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.
Supporting startups’ global expansion
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. The firm’s billion-dollar commitment reflects its strong determination to strengthen India’s startup ecosystem, unlock the country’s immense potential, and deliver impact worldwide.
Stride Ventures 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. The initiative will 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.
It will also highlight various fundraising options, including venture debt, so emerging businesses can chart the right course for growth.
