‘Indian EV, consumer firms ripe for funding’

Bloomberg

Stride Ventures, one of India’s leading debt venture fund, sees consumer, business-to-business companies and electric vehicle sectors as the most attractive for financing this year.
“Fintech has taken a slight backseat because Reserve Bank of India has recently come up with digital lending guidelines, and a lot of companies in the fintech sector are trying to understand the nitty gritties of the regulation and are going slightly slow just to make sure they are not breaching any of those,” Apoorva Sharma, partner at Stride Ventures said.
With sentiment for venture capital equity muted, many late stage companies are deferring their primary capital
requirements and substituting some of that with debt, she said.