Be it, yoga teacher Ramdev\u2019s immensely successful business mantra, the Indian government\u2019s policies pertaining to ecommerce, drone regulations or people\u2019s personal data, going swadeshi, is apparently the new India policy. \u00a0\u00a0\r\nNo wonder, India\u2019s leading VC firm IDG Ventures India has now rebranded itself as Chiratae Ventures.\r\nChiratae is a Kannada word which means Leopard. The intention is clear, as leopards are known for its opportunistic hunting behaviour, big bite, strength and ability to adapt.\r\n\r\nThe VC firm has also planned to raise $300 Mn under the new brand and will hit the road by the year-end, reports ET.\r\n\r\nThe VC firm claims to have over $470 m assets under advisory and a presence in three locations. Sudhir Sethi, founder & chairman, Chiratae Ventures (formerly IDG Ventures India Advisors) said, \u201cAs we speak, the Indian ecosystem is fast evolving. \u00a0India is reinventing itself at every level, be it political, governance or economics. Our passion is to back Indian entrepreneurs repeatedly and grow with world-class entrepreneurs in India in leading India\u2019s tech revolution.\u201d\r\n\r\nHe added, \u201cOur entrepreneurs are unparalleled \u2013 global leaders who are leading this Indian wave. The last decade saw a growth of 10X, the coming decade will see 20X in Entrepreneurial activity in India. \u00a0Companies are growing at double the pace in half the time; we are producing more new brands than ever; our companies are going expanding globally; we are defining new technologies; we are defining the world. As India becomes the third largest economy with over $10 Tn GDP in the coming years, India presents immense opportunities to investors\u201d\r\nChiratae A.K.A IDG Ventures India Advisors\r\nFounded in 2006 by industry veterans Sudhir Sethi and TC Meenakshisundaram, Chiratae Ventures\u00a0has so far backed 76 companies across multiple funds including some of the stellar companies like Flipkart, Myntra, FirstCry, XpressBees, Newgen, Lenskart, Manthan, NestAway, PolicyBazaar, Yatra among others.\r\nThe team started making investments from Mar 2007 \u2013 Manthan, Myntra, FirstCry, Lenskartere amongst the firm\u2019s first few investments. From that time when the team was seeing 300 deals in a year, the firm claims to get more than 3000 deals to look at \u2013 entrepreneurship in India has grown 10-fold in the last ten years.\r\n\r\n\r\nTC Meenakshisundaram, co-founder & MD of Chiratae Ventures\u00a0said \u201cWe have leading Indian business houses and long-standing global players in India as our investors. And we have been grateful to learn from them. Our rupee capital from domestic investors today constitutes to over 40% of the funds raised. This gives rise to a deep India expertise with us as VC Investors.\u201d\r\n\r\n\u201cWhile we become more and more deeply rooted as Indian, our footprint stays global. Many of our companies are based outside India, many are expanding to multiple new geographies: Be it HealthifyMe in Asia, Unbxd in the US, CloudCherry in the Middle East. We are Indians at heart and at the same time global in our approach with a strong footprint in USA, India, Middle East and South East Asia,\u201d he added.\r\nThe team now comprises of 20 members across Bangalore, Delhi and Mumbai and has delivered exits to investors consistently for the past five years. The funds advised by the firm have had two IPOs and two Unicorns in the portfolio and many more industry leaders being created.\r\nThe team\u2019s advisory board includes the likes of Ratan Tata, emeritus chairman of the Tata Group; Kris Gopalakrishnan, chairman of Axilor Ventures and former co-founder of Infosys; Bruno Raschle, founder, managing director, and non-executive vice chairman, Schroder Adveq; Manish Choksi, president, Asian Paint; Dr. Jagdish Sheth, marketing guru and Venkataramanan Anantharamanan, regional co-head of Standard Chartered Bank.\r\n\r\nExplaining the motto behind the name-change in line with the new India, Sethi avers, \u201cMany members of our team are wildlife enthusiasts and nature lovers. Not only does Chiratae signify our team, and our interests. It is an emotion that signifies much more. It signifies leadership, agility, risk-taker, innovation, strength and stability. Chiratae, our new identity is our way of communicating with our Investors and our entrepreneurs we are ready for the new scaled India.\u201d\r\n\r\nLooking at its diversified portfolio which includes PolicyBazaar, Active.ai, Curefit, Manthan and XpressBees as well, the Bengaluru-based Chiratae Ventures has been in fact a sector agnostic fund, mostly focussed on the Indian markets.\r\n\r\nThe VC firm had made 15 (disclosed) investments in 2017. Its 2018 investments include Kristal.AI, NestAway, Healthify.me, Axio Biosolutions and EarlySalary.\r\n\r\nEarlier, in November 2017, Mumbai-based Unilever Ventures, the PE vertical of Unilever and Amazon Internet Services Pvt. Ltd. (AISPL), also invested $10 Mn (INR 65 Cr) into Chiratae Ventures. The raised funds were said to be utilised by Chiratae to invest in consumer-technology, innovation, and digital startups.