First Indian homegrown fund manager to receive IPA from FSRA for CAT 3C license

First Indian homegrown fund manager to receive IPA from FSRA for CAT 3C license

Abu Dhabi - Stride Ventures, a venture debt fund renowned for supporting pioneering startups and high-growth companies, unveils its latest milestone by securing an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for a Category 3C (CAT 3C) licence. Subject to final regulatory approval from the FSRA on the grant of the licence, this landmark empowers Stride Ventures to explore new avenues for global expansion, particularly the option to establish an exclusive Fund in ADGM with a strategic focus on investments within the GCC region. Having successfully managed three thriving INR-denominated funds in India, along with a USD Fund at GIFT City, this newly acquired licence positions Stride Ventures to drive innovation and cultivate growth on a global scale.

This foray into Abu Dhabi positions the firm to actively engage in the GCC region's burgeoning startup landscape and seek global investments. This will enable Stride to cater to the global entrepreneurial ecosystem, and also ease Indian startups' entry into the GCC region with tailored financial solutions and mentorship.

Ishpreet Gandhi, Founder and Managing Partner at Stride Ventures, said “Stride Ventures is continuously breaking new ground to foster and elevate pioneering startups. Partnering with