Leading technology-focused venture capital firm Chiratae Ventures has announced the second close of its fifth venture capital fund at $150 million, with a final close targeted for the first quarter of 2026. The fund will back early-stage startups across Seed, Series A, and Series B rounds.
Expanding Focus
Fund V is led by Managing Directors Venkatesh Peddi and Ranjith Menon, who will drive investments across Chiratae’s core themes: AI, deeptech, healthtech, consumertech, fintech, SaaS, climatetech, and spacetech. The firm is also moving into DefenceTech and Quantum technologies, marking its entry into new frontier sectors.
Founded by Sudhir Sethi and T.C. Meenakshisundaram (TCM), Chiratae’s investment philosophy has consistently centered on large white spaces where technology delivers population-scale impact.
Early Deployments
The fund has already begun backing startups from its new corpus, including:
- HouseEazy (proptech)
- Pepsales (AI-driven B2B sales demos)
- Mili (meeting assistant for wealth firms)
- Zilo (quick commerce fashion)
Chiratae has also lined up commitments to six more companies.
Proven Track Record
With $1.3 billion AUM across seven funds, Chiratae has invested in 130 companies, achieved 50+ exits, and nurtured 8 unicorns and 4 IPOs. The firm was an early backer of startups that became household names such as FirstCry, Myntra, Lenskart, Flipkart, PolicyBazaar, and Cult.fit.
Final Take
With Fund V, Chiratae Ventures is doubling down on India’s frontier tech opportunity, while reinforcing its role as one of the country’s most trusted early-stage investors. Its blend of sectoral expertise and strong LP base positions it to continue shaping the future of India’s startup ecosystem.
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