The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Stride Ventures, a venture debt firm, to support the growth of Indian startups and help them expand globally. The partnership aims to drive economic transformation and strengthen India’s position as a leader in innovation and manufacturing. Stride Ventures will identify startups with high growth potential and offer funding, market access, and policy support to Indian startups aiming to expand globally and global startups entering India.
Startups from tier-2 and tier-3 cities will receive targeted guidance, mentorship, and access to a global mentor network to support their scaling journey. The initiative will also create awareness about diverse fundraising instruments, including venture debt, to enable startups to achieve their growth aspirations. Joint Secretary Startup India Sanjiv said these efforts would reinforce India’s broader economic agenda to boost innovation and entrepreneurship to achieve overall economic growth.
Supporting startups through new partnerships
The collaboration aligns with the Government of India’s Make in India and Make for the World strategies, targeting manufacturing, consumer, B2B, and cleantech sectors. Stride Ventures will curate dedicated programs and collaborate on engagements like the Bharat Grand Challenge to promote entrepreneurship, innovation, and investment.
Director of Startup India, Dr. Sumeet Kumar Jarangal, emphasized that supporting startups with the tools needed to scale their business globally will drive economic transformation and firm India’s position as a leader in innovation and manufacturing. He added that this initiative would bridge the gap between aspirations and execution, particularly for entrepreneurs from tier-2 and tier-3 cities.
Ishpreet Singh Gandhi, Founder & Managing Partner of Stride Ventures, expressed enthusiasm over the collaboration, stating that the partnership with DPIIT adds new momentum to their mission of empowering entrepreneurs to “Make in India” and create impactful, globally resonant solutions. This partnership, coupled with Stride Ventures’ substantial commitment to nurturing startups, reaffirms the resolve to strengthen India’s startup ecosystem.
