[Funding alert] ZipLoan raises Rs 15 Cr in debt round led by Stride Ventures
Stride Ventures, a venture debt fund firm, has led a debt round of Rs 15 crore in ZipLoan, a fintech lending platform that provides loans to MSMEs. According to a statement from Stride Ventures, this is its first foray into fintech lending and the funding will be disbursed across two tranches. The firm believes this funding underlines its commitment to leverage traditional banking capital to cater to the startup ecosystem. On the funding, Ishpreet Gandhi, Founder and Managing Partner, Stride Ventures, said, “It is our endeavour at Stride to make credit accessible and efficient as we try to prevent equity dilution and make entrepreneurs truly ‘Atmanirbhar’. Ziploan has disbursed around Rs 400 crore across 10,000 borrowers till now.