Stride Ventures

This debt investment marks another step in Stride Ventures' mission to back high-growth, category-leading startups

The freshly raised capital will be used to diversify Gully Labs' product mix, scale up its sales channels, and establish physical retail stores. The company also plans to expand production capacity and grow its footprint across India and globally.

Diverse Sectors See Fresh Capital Inflows

The funds will be used for business growth, market expansion, and general corporate purposes, aligning with the company's vision to strengthen its footprint across existing and new geographies.

Industry leaders like BlueStone, Upstox, Moneyview, Ather, Pharmeasy, Infra.Market, and Ola Electric have benefited from Stride's support.

With the fresh capital, Udaan plans to intensify its 'Micro-Market strategy,' focusing on expanding its geographical reach and deepening buyer engagement across key regions.

The Gurugram-based startup aims to deploy the raised funds for geographical expansion to 40 new countries. A portion of the funds will also go toward hiring personnel and developing new technologies.

The startups listed below have raised the most money this week, from June 1 to June 6. Below is a brief summary of them:

Tarun Mehta and Swapnil Jain, the co-founders of the Bengaluru-based company, have contributed around INR 43.28 crore.

Here are the India-focused VCs that announced the closing of their funds.

Through its sector-agnostic venture debt fund, Stride Ventures claims to meet the capital needs of the Indian startup ecosystem, with a portfolio of over 140 startups spanning consumer, fin-tech, agri-tech, B2B commerce, health-tech, B2B SaaS, mobility, and energy solutions (EV).

With the raised funds, the Bengaluru-based startup plans to expand its market presence, scale adjacent business verticals, and reach profitability.

Stride Ventures has led a debt round of INR 15 crore in ZipLoan, a technology-enabled lending platform that provides loans to MSMEs