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Kul Bhushan · · 1 min readIndian VC firm raises $337m in final close of fourth fund
Chiratae Ventures, an India-based technology-focused VC firm, has announced the closure of its fourth fund at US$337 million.
More details
- Investors: Family offices and industrial families from India, global investors from the US, UK, Europe, Japan, and Singapore, among others
- Average ticket size for investments: US$500,000 to US$1.5 million for seed funding and US$3 million to US$5 million for series A investments
- Stage: Final close
- Sector: Consumer tech, enterprise tech, agritech, deeptech, healthtech, and fintech, among others.
More company updates
- Chiratae Ventures said the fourth fund was oversubscribed by 25%.
- According to the VC firm, it has invested in more than 100 deals since its launch in 2006.
- Among its portfolio, as many as two companies have gone ahead with their initial public offerings, while four firms achieved unicorn status, Chiratae noted.
- The company has backed popular firms such as FirstCry, Flipkart, Lenskart, and PolicyBazaar.
- Its portfolio also features tech-driven firms like Agrostar, Bizongo, Bounce, Cropin, CureFit, Emotix, GoMechanic, HealthifyMe, PlayShifu, Pyxis, Uniphore, and Vayana, among others.
- Chiratae’s global advisory board includes industry veterans from India such as Tata Group’s chairman emeritus Ratan Tata and Infosys co-founder Kris Gopalakrishnan.
For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.
Update (August 6, 2021 11:10am SGT): This article was updated to include the average ticket size for investments.
Editing by Collin Furtado and Jaclyn Tiu
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