Investments
285Portfolio Exits
22Funds
12About 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
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.
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
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.
Chiratae Ventures Investments Activity
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 | BEENEXT, and White Ventures | 3 |
5/23/2022 | Seed VC | |||||
5/13/2022 | Series E |
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 | ||
Amount | $8.16M | $50M | $6.1M | ||
New? | Yes | No | No | ||
Co-Investors | BEENEXT, and White Ventures | ||||
Sources | 2 | 2 | 3 |
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 | 3 | |||
4/5/2022 | Acquired | 4 | |||
3/24/2022 | Corporate Majority | 12 | |||
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 | ||||
1/22/2014 | IDG Ventures India Fund II |
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 | ||||
Status | Closed | ||||
Amount | $337M | $201M | $207M | ||
Sources | 5 | 3 | 1 |
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 |
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