Chiratae Ventures Announces INR 1,001 Cr Final Close For Growth Fund I

Chiratae Ventures Announces INR 1,001 Cr Final Close For Growth Fund I

SUMMARY

The sector-agnostic growth stage fund was oversubscribed by 34%, compared to an initial target close of INR 750 Cr

Chiratae Growth Fund I will invest in the growth rounds of startups from its portfolio and beyond

The VC fund saw investment from existing investors Pratithi, 57 Stars and Manish Choksi, along with new investors SBI and IIFL

Early-stage venture capital (VC) firm Chiratae Ventures has announced the final close of its first-ever, ‘Growth Fund I’, at INR 1,001 Cr. The fund saw its first close come in November 2022, when the VC firm first closed the growth fund at INR 759 Cr.

The sector-agnostic growth stage fund was oversubscribed by 34%. Chiratae Growth Fund I will invest in the growth rounds of startups from its portfolio and beyond. It will be a sector-agnostic fund to support the growth and expansion of 15-20 companies signing cheques worth $5 Mn – $20 Mn.

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