Technology-focused venture capital firm Chiratae Ventures has announced the second close of its fifth venture capital fund (Fund V) at $150 million, with a final close expected in the first quarter of 2026. The fund will focus on early-stage startups across Seed, Series A, and Series B rounds.
Expanding Focus Areas
Fund V is led by Managing Directors Venkatesh Peddi and Ranjith Menon, who will drive investments across Chiratae’s core sectors. The firm plans to double down on AI, deeptech, healthtech, consumertech, fintech, SaaS, climatetech, and spacetech, while also expanding into emerging areas like DefenceTech and Quantum technologies.
Founded by Sudhir Sethi and T.C. Meenakshisundaram (TCM), Chiratae has built its strategy around identifying large white spaces where technology can create population-scale impact.
Portfolio Moves
The firm has already started deploying capital from Fund V into:
- HouseEazy – Proptech platform
- Pepsales – AI-powered B2B sales demos
- Mili – Meeting assistant for wealth firms
- Zilo – Quick commerce fashion startup
Chiratae also has commitments lined up for six more companies.
Track Record
With over $1.3 billion in AUM across seven funds, Chiratae has backed 130 startups, achieved 50+ exits, and built a portfolio that includes 8 unicorns and 4 IPOs. The firm has been an early investor in market leaders like FirstCry, Myntra, Lenskart, Flipkart, PolicyBazaar, and Cult.fit.
Final Take
By combining experience, sectoral depth, and a sharpened focus on frontier technologies, Chiratae Ventures is positioning Fund V as a catalyst for India’s next wave of technology-first startups. With a strong LP base and early investments already underway, the firm is set to continue shaping the country’s startup ecosystem.
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