Stride Ventures closed a $165 million third fund, supported by various entities. The fund focuses on consumer and financial services sectors, with Apoorva Sharma explaining the adjustment from the initial $200 million target.
The firm s strategy has particularly shifted in the last two years, where it has made a lot more growth equity bets, especially investing in financial services companies and healthcare-focussed firms.
The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets - USA, Israel and India. It has $15.5 billion of assets under management.
Ashutosh Sharma appointed by Prosus to lead investments in India and Southeast Asia. He will report to interim CEO Ervin Tu and focus on new investments and collaborations with portfolio firms like Swiggy.