Chiratae Ventures, one of India’s leading venture capital firms, has successfully completed the second close of its fifth fund, Fund V, at $150 million. This milestone marks another step in the firm’s mission to support early-stage startups and nurture innovation across various sectors. With the final close of Fund V expected in early 2026, Chiratae is positioned to significantly expand its portfolio and strengthen its role in India’s fast-growing startup ecosystem.
Chiratae Launches Fund V
Fund V is designed to invest in promising early-stage companies, particularly in Seed, Series A, and Series B rounds. The fund focuses on startups working in high-growth sectors such as artificial intelligence, deeptech, healthtech, fintech, consumer technology, SaaS, climate technology, and space technology. In addition, Fund V is exploring emerging areas like DefenceTech and Quantum technologies, signaling Chiratae’s commitment to staying ahead of innovation trends. By providing both capital and strategic guidance, Fund V aims to help startups scale faster and achieve long-term success.
Hands-On Approach to Scaling
The fund is led by Managing Directors Venkatesh Peddi and Ranjith Menon, who bring extensive experience in identifying high-potential startups and nurturing them through growth phases. Their hands-on approach combines capital support with mentorship, enabling startups to navigate challenges and capitalize on market opportunities. Under their guidance, Fund V has already made several key investments in startups that show promise across sectors, demonstrating a clear strategy of focusing on technology-driven solutions that address real-world problems.
Technology-Driven Growth
Fund V has already backed a number of startups that reflect Chiratae’s vision for scalable and innovative business models. Companies such as HouseEazy, which simplifies property management, Pepsales, an AI-powered tool enhancing B2B sales processes, Mili, a smart meeting assistant for wealth management firms, and Zilo, a quick commerce fashion startup, have all received early support. These investments highlight the fund’s ability to identify startups with strong growth potential and the capacity to disrupt traditional industries through technology and innovation.
Eight Unicorns and Four IPOs
Since its founding in 2006 by Sudhir Sethi and T.C. Meenakshisundaram, Chiratae Ventures has built a remarkable track record. The firm has invested in over 130 companies, leading to more than 50 successful exits, including eight unicorns and four IPOs. Some of the most notable names in its portfolio include Flipkart, Myntra, Lenskart, FirstCry, PolicyBazaar, and Cult.fit. With the second close of Fund V, Chiratae is well-positioned to continue its legacy of fostering innovation, supporting entrepreneurs who are solving real-world problems, and shaping the future of India’s startup ecosystem. The fund’s focus on emerging technologies and early-stage investments ensures that it remains a key driver of growth and innovation in the coming years.