Chiratae Ventures

Chiratae Ventures, formerly known as IDG Ventures India, stands as a prominent early-stage venture capital firm deeply rooted in Bangalore, India. Established in 2006, the firm underwent a significant rebranding in 2018, symbolizing its continued evolution and unwavering commitment to nurturing the burgeoning Indian startup ecosystem. With over $1.1 billion in assets under management spread across multiple funds, Chiratae Ventures has solidified its position as a pivotal investor in the region's technological innovation landscape.

The firm's investment strategy primarily targets early-stage technology companies, typically engaging in Seed, Series A, and Series B funding rounds. Their core thesis revolves around identifying and backing disruptive startups that leverage technology to address substantial market challenges across diverse sectors. Key areas of focus include SaaS, FinTech, Consumer Tech, HealthTech, DeepTech, Logistics, and B2B Commerce. Chiratae Ventures is recognized for its hands-on approach, extending beyond mere capital provision to offer strategic guidance and operational support to its portfolio companies.

Chiratae Ventures has cultivated an impressive portfolio comprising over 130 companies, many of which have achieved remarkable scale and successful exits. Notable investments include market leaders such as Myntra (acquired by Flipkart), PolicyBazaar, FirstCry, Lenskart, and HealthifyMe. The firm typically deploys initial checks ranging from $1 million to $10 million, demonstrating a readiness to provide substantial follow-on capital to support the sustained growth of its most promising ventures. Their consistent track record of backing innovative startups has significantly contributed to the maturation and vibrancy of India's dynamic tech sector.