IDG Ventures India

About The Fund

IDG Ventures India, now known as Chiratae Ventures, is a prominent technology-focused venture capital fund in India. It is part of the IDG Ventures global network, which boasts over $6 billion in managed assets, over 220 investee companies, and maintains a presence in Asia and North America through 10 offices. Chiratae Ventures supports audacious entrepreneurs and has established a significant footprint in the Indian startup ecosystem with 136 funded portfolio companies, 56 exits, and 4 IPOs, leading to the creation of 8 unicorns to date. With $1.3 billion under advisory across 7 funds, the firm takes part in seed to growth-stage investments, with a minimum and maximum investment range of $1,000,000 to $77,000,000. The fund has notably invested in sector leaders such as Flipkart, Myntra, Yatra, Newgen, Brainbees (FirstCry.com), Vserv, Manthan Software, Valyoo (Lenskart.com), Actoserba (Zivame.com), NestAway, and Hiree. Geared towards empowering cutting-edge ventures across various industries, Chiratae Ventures focuses on multiple sectors including Software, IT & TMT, Media, BioTech, Business Solutions, FinTech & Financials services, Hardware & Manufacturing, CleanTech, HealthTech & Fitness, and Life Science. They provide innovative programs such as Chiratae Sonic for swift seed investments, Chiratae Spotlight which is the country's largest follow-on funding event, and Chiratae Showcase, a platform for investors to engage with portfolio companies. Additionally, the Chiratae Midas Programs aim to educate family offices on venture capital, while the Chiratae Ventures Patrick J. McGovern and Pride of India Awards recognize outstanding achievements in the tech field. Their active involvement in ESG & Impact, alongside various other bespoke programs, reflects their commitment to fostering sustainable growth and impact in the investment landscape.