Chiratae Ventures, formerly IDG Ventures India, is a technology venture capital firm focused on growth-stage startups in the Indian market.

Basic Information

Chiratae 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, with offices in Mumbai and New Delhi. Their target sectors are consumer, media and technology, health tech, deep tech, fintech, and software/SaaS. 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. In August 2020, it was announced that CDC Group, a UK Government owned development finance institution had committed $10 million in Chiratae ventures' Fund IV, which focuses on early stage technology enabled Indian startups. See more

Headquarters

:

Bangalore, Karnataka, India

Founding Date

:

2006

No. of Employees

:

11 to 20

Core Team

:
1.

TCM Sundaram

Founder and Managing Director

2.

Sudhir Sethi

Co Founder and Chairman

Funding

Investors

:

1.

Sidbi