Chiratae Ventures lines up 10-14 investments from Fund IV this year

Chiratae Ventures, formerly known as IDG Ventures India, has started rolling out investments from its fourth fund and will be betting on up to 10-14 startups in the current financial year. Of this, the venture capital firm has already made investments in 8 firms so far this year.

The VC fund will be pumping in anywhere between $500,000 and $7 million in these startups in the first cheque. Broadly, it will invest in 30-40 companies from the fourth fund in a couple of years.

Fund IV which will be in the range of $200 million has already seen commitments from UK’s publicly-owned impact investor CDC Group Washington-based World Bank’s investment firm International Finance Corporation (IFC). While CDC group will be putting in $10 million in Fund IV, IFC had last year revealed that it would pump $20 million in the fund.