Chiratae Ventures

Chiratae Ventures, formerly IDG Ventures India, is a technology venture capital firm focused on growth-stage startups in the Indian market. The venture firm was founded by Sudhir Sethi and T. C. M. Sundaram as the Indian arm of the global venture capital firm IDG Ventures in 2006.[1] The firm manages total assets of over $775 million in over 85 investee companies.[2][3] It is headquartered in Bangalore, with offices in Mumbai and New Delhi.[4]

Chiratae Ventures
TypePrivate company
IndustryPrivate equity, Venture Capital
Founded2006
FoundersSudhir Sethi, TCM Sundaram
HeadquartersBangalore, India
ProductsVenture capital
AUM$775 million (2020)
Websitewww.chiratae.com

Investments

In additional to individual investors, the firm's funds raise capital from its limited partner, Small Industries Development Bank of India (SIDBI). Some of the firm's investments include startups such as Myntra, Lenskart, CureFit, PolicyBazaar, FirstCry, and Bounce.[5][6]

On August 21, 2020, it was announced that CDC Group, an UK Government owned development finance institution had committed $10 million in Chiratae ventures' Fund IV, which focuses on early stage technology enabled Indian startups.[7][3]

References
  1. "Crunchbase - Chiratae Ventures - Formerly IDG Ventures India". Crunchbase. Retrieved 9 July 2020.
  2. Chanchani, Madhav (10 October 2018). "IDG Ventures India becomes Chiratae, to raise $300 mn for fourth fund". The Economic Times. Retrieved 9 July 2020.
  3. Dhanjal, Swaraj Singh (21 August 2020). "CDC commits $10 million to Chiratae". mint. Retrieved 9 September 2020.
  4. "Sudhir Sethi, Chiratae Ventures – Focusing On Tech-Enabled Disruptions". AsiaTechDaily - Asia's Leading Tech and Startup Media Platform. 21 October 2019. Retrieved 9 July 2020.
  5. Sriram, Ridhima Saxena,M (11 September 2019). "Chiratae eyes first close of $150 million for latest India-focused fund". Livemint. Retrieved 9 July 2020.
  6. Shrivastava, Aditi (18 September 2019). "Chiratae Ventures out with a fresh seed fund of $35 million for new bets". The Economic Times. Retrieved 9 July 2020.
  7. www.ETtech.com. "CDC Group commits $10 million to Chiratae Ventures' latest fund - ETtech". ETtech.com. Retrieved 9 September 2020.
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