One of the top venture capital firms with a focus on technology, Chiratae Ventures, announced the $150 million second close of its fifth fund. The final close is anticipated in the first quarter of 2026. Early-stage companies in Seed, Series A, and Series B rounds will receive funding from the fund.
Key Highlights
- Chiratae Ventures secures $150 million in second close of Fund V, targeting early-stage startups.
- Fund V focuses on AI, deeptech, healthtech, and fintech, with $350 million target size.
Institutional investors, family offices, domestic and foreign LPs, and returning backers from Chiratae's prior funds participated in the round.
Managing Directors Venkatesh Peddi and Ranjith Menon are in charge of Fund V and will spearhead investments in the company's primary focus areas.
The foundation of Chiratae Ventures, which was founded by Sudhir Sethi and T.C. Meenakshisundaram (TCM), is the identification of expansive white spaces where technology can have a population-scale impact.
Also Read: Flipkart Injects $30 Million in Fintech Startup Super.money
With Fund V, Chiratae will expand into new areas like DefenseTech and Quantum technologies while doubling down on AI, deeptech, healthtech, consumertech, fintech, SaaS, climatetech, and spacetech.
With commitments to six more businesses in the works, the firm has already started investing money from the new fund in startups like Zilo (quick commerce fashion), Mili (meeting assistant for wealth firms), Pepsales (AI-powered B2B sales demos), and HouseEazy (proptech).
As an early investor in well-known companies like FirstCry, Myntra, Lenskart, Flipkart, PolicyBazaar, and Cult.fit, Chiratae has amassed over $1.3 billion AUM across seven funds, 130 investments, over 50 exits, eight unicorns, and four initial public offerings.
