StrideOne has raised ₹100 crore through a mix of equity and structured debt at the holding company level to accelerate the expansion of its digital credit platform focused on MSMEs and SMEs. Alongside the funding round, industry veteran Rajesh Sud has joined the company as Co-founder and Chairman, also taking an equity stake in the business.
Founded by Ishpreet Singh Gandhi, StrideOne offers technology-enabled supply chain finance and receivables management solutions designed to help small and medium-sized businesses access working capital. The platform partners with enterprise anchors and financial institutions to facilitate credit for businesses that often face challenges in obtaining timely financing through traditional banking channels.
The newly secured capital will be used to support the company’s next phase of growth. The funding will help expand enterprise anchor programmes, scale the network of partner lenders, and strengthen StrideOne’s technology and risk infrastructure. The company also plans to reinforce its capital buffers to support responsible and sustainable credit growth across the MSME segment.
Rajesh Sud brings more than three decades of leadership experience in the financial services sector. Over his career spanning more than 34 years, he has held several senior roles across insurance and financial institutions. Sud previously served as the Chief Executive Officer and Managing Director of Axis Max Life Insurance and has also chaired Niva Bupa Health Insurance. Earlier, he held key leadership positions at Bharti Enterprises, where he oversaw businesses including Bharti AXA Life Insurance and Bharti AXA General Insurance, and served on the board of Airtel Payments Bank.
Also Read: Navi Finserv Reports 14% Revenue Growth in Q3, Profit Rises 22% to ₹76 Crore
The funding and leadership addition mark an important milestone for StrideOne as it strengthens its position in India’s rapidly growing digital lending ecosystem for MSMEs.
