Chiratae Ventures

Chiratae Ventures, formerly known as IDG Ventures India, stands as a prominent venture capital firm deeply embedded in the Indian technology ecosystem. The firm rebranded in 2018, signifying its evolution and continued commitment to fostering innovation within the country. Based in Bangalore, Chiratae Ventures primarily focuses on early-stage and growth-stage technology startups, providing crucial capital and strategic guidance to entrepreneurs aiming to build scalable businesses.

Chiratae Ventures employs a sector-agnostic approach within the technology space, with a strong emphasis on areas such as Software-as-a-Service (SaaS), FinTech, Consumer Tech, Healthcare, and Deep Tech. The firm is known for its hands-on approach, working closely with portfolio companies to navigate market challenges, scale operations, and achieve significant milestones. Their investment philosophy centers on identifying disruptive ideas and backing strong founding teams with a clear vision for impact.

The firm has built an impressive track record over the years, having invested in over 130 companies and achieving more than 40 successful exits. Notable companies in their portfolio include market leaders like Myntra (acquired by Flipkart), Lenskart, Cure.fit, PolicyBazaar, and FirstCry. Chiratae Ventures has demonstrated significant fundraising capabilities, having closed its fourth fund, Chiratae Fund IV, at $330 million in 2022, and subsequently launched Chiratae Fund V with a target of $300 million, further solidifying its position as a key player in the Indian VC landscape. They typically look to make initial investments in the range of $2 million to $10 million, with the capacity for substantial follow-on rounds.