The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has joined hands with Stride Ventures, a prominent venture debt firm, to drive the growth of Indian startups and enhance their international presence.

This collaboration aims to provide startups with a blend of financial support, strategic mentorship, and market access, creating significant opportunities for innovation and entrepreneurship.

Speaking on the partnership, Sanjiv, Joint Secretary of Startup India, emphasized its potential to bolster India’s economic agenda by fostering innovation and entrepreneurship as key drivers of economic growth. The initiative aligns closely with the Government of India’s “Make in India” and “Make for the World” strategies, targeting critical sectors such as manufacturing, consumer markets, B2B, and cleantech.

Stride Ventures is set to develop specialized programs and participate in initiatives like the Bharat Grand Challenge to promote entrepreneurship and attract investments. “Our collaboration with DPIIT strengthens our mission to empower entrepreneurs, helping them create impactful, globally relevant solutions under the ‘Make in India’ initiative. With our billion-dollar commitment, we are determined to enhance India’s startup ecosystem and deliver transformative global impact,” said Ishpreet Singh Gandhi, Founder and Managing Partner of Stride Ventures.

The partnership will prioritize identifying high-growth startups, offering funding, market access, and policy support to help Indian startups expand internationally while facilitating global startups entering India. Special focus will be placed on startups from tier-2 and tier-3 cities, providing them with mentorship, global networks, and guidance to scale. Additionally, efforts will be made to raise awareness about alternative fundraising options like venture debt to support startups in achieving their growth ambitions.

This collaboration is expected to serve as a catalyst for innovation, entrepreneurship, and economic growth, paving the way for India’s startups to thrive on the global stage.