Prestellar Ventures

What is Prestellar Ventures?

Prestellar Ventures, known as Chiratae Ventures on their website, is a Venture Capital Fund headquartered at 309 DLF South Court, 3rd Floor Saket, New Delhi, India. They have an expertise in Equity investment, with a focus on Seed, Startup, Early Stage, and Expansion stages within companies.

The fund has assets under management amounting to $470 million and typically invests between $500,000 to $5 million.

They primarily invest in sectors like Software (Web Marketplace SaaS..), IT (& TMT), Hardware (& Manufacturing), IoT (& Wearables), A.I. (& Big Data), and Material Science. Chiratae Ventures has created a significant footprint in their field with 8 unicorns and 136 funded portfolio companies, overseeing $1.3 billion under advisory across 7 funds and achieving 56 exits including 4 IPOs.

They offer various programs to support their investments and ecosystem: Chiratae Sonic, a seed initiative promising a 48-hour turnaround time on seed investment, Chiratae Spotlight, the largest follow-on funding program in the country, and Chiratae Showcase, allowing investors to better know the portfolio companies and founders.

Additionally, the Chiratae Midas Program helps family offices understand venture capital as an exciting asset class in India. They also honor achievements with the Patrick J.

McGovern Award and the Pride of India Awards. Their website also houses a repository of insights, reports, articles, and videos aimed at keeping investors informed and connected with the latest in venture capital.

Chiratae Ventures also places emphasis on Environmental, Social, and Governance (ESG) impact and provides regular updates via their news and press releases.