Analysis · Professional & Local Services

Stride Ventures tops 2025 investor activity list

By Startup Enthusiast · 5 January 2026

What they do

Stride Ventures is a venture debt firm that provides loans to startups

It was the most active startup investor in 2025 with 121 deals, followed by Alteria Capital and Trifecta Capital

Overall Indian startup funding fell 8% to $11 billion in 2025, but investor participation rose 8%

Indian startup funding in 2025 totalled $11 billion across 936 deals, down 8% from $12 billion in 2024.
Seed-stage deals numbered 433, raising $793 million.
Late-stage deals numbered 144, raising $6 billion.
Nearly 70 of 90 startup-focused funds announced in 2025 prioritise early-stage investments.
About $4.5 billion was earmarked specifically for seed-stage investments.
18 new-age tech companies debuted on stock exchanges in 2025, up from 13 in 2024, raising over ₹41,000 crore.
Unique investor participation increased 8% year-on-year, with 2,072 investors active.
Venture capital firms undertook over half of all deals; angel investors accounted for over 20%.

Stride Ventures was the most active startup investor in 2025 with 121 deals, backing firms like Finnable, Smartcoin, OneAssist, Wow Momos, and ApnaMart.
Alteria Capital was second with 76 deals, investing in Ultrahuman, OneCard, Giva, Agrostar, and Haber.
Trifecta Capital participated in 70 deals, backing Kissth, Dehaat, FreshToHome, BharatPe, and StockGro.
Rainmatter, Zerodha’s investment arm, was fourth with 65 deals, focusing on early-stage startups.
Over 90% of surveyed investors plan to invest in 2026, with Indian startups expected to raise $11.5–$13.8 billion.

Stride Ventures is a venture debt firm that provides loans to startups instead of equity.
It has committed over $1 billion in venture debt across its portfolio.
Its portfolio includes 16 unicorns such as Zepto, Ather Energy, SUGAR Cosmetics, and Lohum.
Alteria Capital, founded in 2017 by Vinod Murali and Ajay Hattangadi, invests in early and growth stage startups across food, agritech, fintech, deeptech, EV, and retail.
Alteria Capital’s portfolio includes unicorns Zepto, Ola Electric, Bluestone, and over 200 investments.
Trifecta Capital, founded in 2014 by Rahul Khanna and Nilesh Kothari, has invested in over 180 early and growth stage startups.
Trifecta Capital’s portfolio includes Atomberg, BigBasket, Cars24; three portfolio companies (NephroPlus, Meesho, Urban Company) went public in 2025.
Rainmatter, based in Bengaluru, focuses on early-stage investments and backed Naxatra, Sukino Healthcare, Capitalmind, Aurassure, and SuperYou in 2025.

Over 90% of surveyed investors plan to invest in 2026.
Indian startups are expected to raise $11.5–$13.8 billion in 2026.
Stride Ventures entered the Saudi Arabian market in September 2025 with a $200 million fund.
Stride Ventures floated its fourth fund in India with a $300 million target corpus in December 2024.
Stride Ventures aims to close $600 million across three funds in India, GCC, and UK by March 2026.
Trifecta Capital achieved first close of its ₹2,000 crore Venture Debt Fund IV in 2025.
IFC committed up to $25 million to Trifecta’s fourth venture debt fund in 2025.
IFC became anchor investor in Alteria’s Shorter Duration Scheme, its first exposure to India’s SME and startup credit segment.

Stride Ventures (subject) — Venture debt firm, most active startup investor in 2025 with 121 deals.
Alteria Capital (subject) — Second most active startup investor in 2025 with 76 deals; founded in 2017 by Vinod Murali and Ajay Hattangadi.
Trifecta Capital (subject) — Venture debt firm, participated in 70 startup funding deals in 2025; founded in 2014 by Rahul Khanna and Nilesh Kothari.
Rainmatter (subject) — Zerodha’s startup investment arm, fourth most active investor in 2025 with 65 deals; based in Bengaluru.