India, March 9 -- Venture debt firm Stride Capital's non banking financial company (NBFC) arm StrideOne has raised Rs.100 Cr (about $11 Mn) in a mix of equity and debt capital from undisclosed investors. StrideOne plans to deploy the freshly raised capital in fueling expansion of enterprise anchor programs, strengthening StrideOne's partner-lender network and building technology and risk infrastructure. 

Along with the fresh capital, the NBFC also announced the appointment of Axis Max Life Insurance's former chairman Rajesh Sud as its cofounder and chairman. In his role, Sud will be responsible to drive StrideOne's long-term strategy, strengthen governance and risk frameworks. Notably, Sud has also taken an equity stake in the compa...