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Decoding Chiratae Ventures’ Near-Two-Decade-Long Journey Across Indian Startup Ecosystem

Inc42 · 7m

Chiratae Ventures, an India-focused venture capital firm, has had over 50 successful exits out of its 134 portfolio companies, including three IPOs. The firm currently manages assets under management (AUM) worth $1.2 billion, with an additional INR 4,000 crores in domestic capital. Chiratae Ventures is currently raising its fifth venture fund. Despite the challenges faced by the venture capital industry globally, Chiratae Ventures has remained steady and continues to invest in sectors such as consumer technology, fintech, healthtech, and software-as-a-service (SaaS) among others. Their focus on identifying white spaces and market opportunities has led to successful investments in companies like Flipkart and Lenskart. The firm also emphasizes the importance of being a trusted partner and mentor to their portfolio companies.