Chiratae Ventures closes fourth fund at $337mn, oversubscribed by 25%

Chiratae Ventures announced the closing of its fourth fund at $337 million, which was oversubscribed by 25 per cent.

Over half of Fund IV is from Indian investors including family offices and industrial families from India. Global investors include those from the US, UK, Europe, Japan, and Singapore. Chiratae Venture Funds are ESG compliant.

With a cumulative AUM of approximately $950 million, Chiratae Ventures has invested in more than 100 deals since its inception in 2006, delivered two IPOs, four unicorns while completing 38 exits with a record 8 consecutive years of capital distributions to investors.

CloudCherry, Flipkart, Manthan, Myntra, Newgen, PlaySimple, and Xpressbees are some of the portfolio companies that have been fully exited.