Chiratae Ventures, is a technology

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

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. The firm manages total assets of over $775 million in over 85 investee companies. It is headquartered in

Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

, with offices in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

and

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House ...

Investments

In additional to individual investors, the firm's funds raise capital from its

limited partner A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited p ...

, Small Industries Development Bank of India (SIDBI). Some of the firm's investments include startups such as Myntra,

Lenskart Lenskart is an Indian multinational optical prescription eyewear retail chain, based in Faridabad. Lenskart had 900+ stores in over 46 cities in India. Its manufacturing facility in New Delhi manufactures 3 lakh glasses a month. Lenskart is ...

, CureFit,

PolicyBazaar Policybazaar is an Indian insurance aggregator and multinational financial technology company based in Gurgaon. The company was founded in June 2008 by Yashish Dahiya, Alok Bansal and Avaneesh Nirjar. It provides a digital platform - website an ...

, FirstCry, and Bounce. On August 21, 2020, it was announced that CDC Group, a

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owned development finance institution had committed $10 million in Chiratae ventures' Fund IV, which focuses on early stage technology enabled Indian startups. In August 2021, Charatae Ventures announced the final close of its fourth fund at $337 million, marking its largest investment fund till date since inception in 2006.

References

{{Financial services in India Venture capital firms of India Indian companies established in 2006 Companies based in Bangalore Private equity firms 2006 establishments in Karnataka Financial services companies of India