Predict your next investment

Venture Capital
chiratae.com

See what CB Insights has to offer

Investments

285

Portfolio Exits

22

Funds

12

About Chiratae Ventures

Chiratae Ventures, formerly IDG Ventures India, manages a US$150 million venture capital fund focused on early-stage investments in technology and technology- enabled companies. The firm typically invests between US$0.5 Million to US$5 Million in early-stage companies and opportunistically up to US$10 Million in compelling growth-stage companies. These companies will cover a wide range of sectors such as outsourced services, design engineering, electronics and hi-tech manufacturing, consumer internet and digital media, software products, semiconductors, telecom infrastructure, consumer mobile services, retail financial services and other emerging technology-enabled sectors.

Chiratae Ventures Headquarter Location

7B, 7th Floor, Sobha Pearl 1, Commissariat Road

Bengaluru, 560 025,

India

+91 80 4132 9225

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Chiratae Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Chiratae Ventures in 1 Expert Collection, including Fitness Tech.

F

Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

Research containing Chiratae Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Chiratae Ventures in 2 CB Insights research briefs, most recently on Dec 9, 2021.

Latest Chiratae Ventures News

Mobile POS Solution Startup QueueBuster Bags $8 Mn; To Build Retail-Focussed Super App

Jun 13, 2022

QueueBuster’s investors in the round include Chiratae Ventures, Omidyar Network India, Flourish Ventures, among others Competing with the likes of Dukaan and Bikayi, QueueBuster aims to become a super app for retailers across the country Currently at 20K+ merchants, the startup now aims to reach 10 Mn+ merchants by CY25 Delhi NCR-based QueueBuster has raised INR 63.3 Cr ($8.16 Mn) in a Series A funding round. DMI Alternative Investment Fund (the Sparkle Fund) and Unaprime Investment Advisors also participated in the startup’s first institutional round of funding. The startup plans to use the funds to focus on merchant growth, product enhancements and scaling its distribution network. Founded in 2016 by second-time entrepreneur Varun Tangri, QueueBuster is a SaaS-based POS application. It helps enterprises manage billing, inventory, daily ledger, online storefront, customers and loyalty programs with a single application. QueueBuster claims to have over 20K merchants ranging from neighbourhood Kirana stores to enterprises such as HUL, Tata and ITC. The retail tech startup said it has processed more than 1.1 Mn invoices worth over INR 130 Cr in May 2022 alone. Between January 2021 and May 2022, it has processed more than 12 Mn invoices worth over INR 1,000 Cr on its android app. Recommended For You:

Chiratae Ventures Investments

285 Investments

Chiratae Ventures has made 285 investments. Their latest investment was in QueueBuster as part of their Series A on June 6, 2022.

CBI Logo

Chiratae Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/13/2022

Series A

QueueBuster

$8.16M

Yes

2

6/2/2022

Series C

Curefoods

$50M

No

2

5/25/2022

Series A

ShopSe

$6.1M

No

3

5/23/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

5/13/2022

Series E

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/13/2022

6/2/2022

5/25/2022

5/23/2022

5/13/2022

Round

Series A

Series C

Series A

Seed VC

Series E

Company

QueueBuster

Curefoods

ShopSe

Subscribe to see more

Subscribe to see more

Amount

$8.16M

$50M

$6.1M

$99M

$99M

New?

Yes

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

2

3

10

10

Chiratae Ventures Portfolio Exits

22 Portfolio Exits

Chiratae Ventures has 22 portfolio exits. Their latest portfolio exit was PipeCandy on April 25, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/25/2022

Acquired

$99M

3

4/5/2022

Acquired

$99M

4

3/24/2022

Corporate Majority

$99M

12

7/2/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

1/19/2021

Merger

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/25/2022

4/5/2022

3/24/2022

7/2/2021

1/19/2021

Exit

Acquired

Acquired

Corporate Majority

Acquired

Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

3

4

12

10

10

Chiratae Ventures Fund History

12 Fund Histories

Chiratae Ventures has 12 funds, including Chiratae Venture IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/6/2021

Chiratae Venture IV

$337M

5

8/26/2020

Chiratae Ventures International Fund IV

$201M

3

12/13/2017

IDG Ventures India Fund III

Early-Stage Venture Capital

Closed

$207M

1

1/31/2017

TC Meenakshisundaram

$99M

10

1/22/2014

IDG Ventures India Fund II

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

8/6/2021

8/26/2020

12/13/2017

1/31/2017

1/22/2014

Fund

Chiratae Venture IV

Chiratae Ventures International Fund IV

IDG Ventures India Fund III

TC Meenakshisundaram

IDG Ventures India Fund II

Fund Type

Early-Stage Venture Capital

Subscribe to see more

Status

Closed

Subscribe to see more

Amount

$337M

$201M

$207M

$99M

$99M

Sources

5

3

1

10

10

Chiratae Ventures Team

5 Team Members

Chiratae Ventures has 5 team members, including current Managing Director, Manik Arora.

Name

Work History

Title

Status

Hemir Doshi

Founder

Current

TCM Sundaram

Foundry, Venture Infotek, Walden International, Wipro, and Ashok Leyland

Founder

Current

Manik Arora

Managing Director

Current

Karthik Prabhakar

Managing Director

Current

Meenakshi Sundaram

Managing Director

Current

Name

Hemir Doshi

TCM Sundaram

Manik Arora

Karthik Prabhakar

Meenakshi Sundaram

Work History

Foundry, Venture Infotek, Walden International, Wipro, and Ashok Leyland

Title

Founder

Founder

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.