Forbes India
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.