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Chiratae Ventures

Also known as IDG Ventures India

Bengaluru, India Founded 2006 chiratae.com

  • Seed
  • Early stage
  • Growth
  • AI
  • deeptech
  • healthtech
  • consumer
  • fintech

Chiratae Ventures’s latest fund is Chiratae Ventures Fund V: $150M, 2025 (interim close), #210 of 427 firms by latest fund.

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Latest fund$150M2025 · interim close
Rank by latest fund#210of 427 firms
Assets under managementNot reported
Funds with reported performance2From public LP disclosures
Funds raised, by the year each closed
Funds raised, by the year each closedFunds raised, by the year each closed. 2021: $337M; 2025: $150M.2021 · Raised: $337M$337M20212025 · Raised: $150M$150M2025
The numbers
YearRaised
2021$337M
2025$150M

Overview

Fund V final close was expected Q1 2026 but not confirmed in sources found.

Funds

FundClosedSizeSource
Chiratae Ventures Fund V interim close2025$150Mchiratae.com
Chiratae Ventures Fund IV2021$337Mbusiness-standard.com

LPs on the record

2 LPs report holding Chiratae Ventures’s funds.

Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Firms whose LPs overlap

The firms sharing the most LPs on record with Chiratae Ventures, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

Find LPs for Chiratae Ventures and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

FundVintageNet IRRVersus vintage (IRR)TVPIDPIReported by
CHIRATAE VENTURES INTERNATIONAL FUND IV—N/MNot yet meaningful——International Finance Corporation (IFC), US International Development Finance Corporation (DFC)
IDG VENTURES INDIA FUND III—N/MNot yet meaningful——International Finance Corporation (IFC)

US International Development Finance Corporation (DFC): DFC Annual Project Data: active Investment Funds and fund equity investments, as of September 30, 2024. DFC publishes every active project once a year in a workbook, each with a department, a support type, a sector, a description and the amount committed in US dollars ("the original principal/investment value that DFC has committed to provide or guaranty"); this is its snapshot of active transactions on the as-of date. This list keeps 70 funds: every project of the department "Investment Funds" (which DFC defines as "Debt and equity invested into emerging market private equity funds") and the projects of the department "Equity Investments" whose sector is "Finance and Insurance" (the department's other projects are direct stakes in operating companies). 22 of the 70 are loans DFC or its predecessor OPIC made to the fund (support type Direct Lending), not limited-partner interests; the rest are equity. Commitments are the workbook's Committed column in whole dollars; nothing is converted or estimated. The workbook has no vintage year, paid-in amount, distributions, value, multiple or IRR, so those are blank; its Exposure column (the commitment less cancellations and repayments) is not a market value and is not shown. Left out: 15 direct equity investments in companies, 31 funds whose name or DFC description says credit, debt, lending, loans, infrastructure, real estate or housing, 1 fund project that DFC lists as "Redacted", and all 1196 loans, guaranties, insurance, technical assistance and legacy projects. The 70 commitments add up to $2908980902; the workbook prints no total. View source

International Finance Corporation (IFC): IFC Investment Services Projects (World Bank Group Finances One), industry: Funds, as of October 11, 2026. IFC discloses every investment project in the World Bank Group's open data set "IFC Investment Services Projects" (Creative Commons Attribution 4.0, updated daily), with an industry, a product line, a status and the amount of its equity, loan and guarantee investment in millions of US dollars. This list keeps the 338 projects that IFC classifies in the industry "Funds", whose status is Active or Pending Disbursement, whose product line is not Loan, and that have an equity amount. The fund name is the data set's company name (the legal entity IFC invests in); IFC lists each project separately, so a fund with a second commitment appears twice. The commitment is IFC's equity investment as the data set gives it, in millions of US dollars, multiplied by one million; where a project also has a loan amount only the equity is counted. Nothing is converted or estimated: the data set is in US dollars. It has no vintage year, paid-in amount, distributions, value, multiple or IRR, so those are blank. Left out: 24 fund projects that are Completed (exited), 46 that are not yet signed or are on hold, 24 whose product line is Loan or that have no equity amount, 5 whose project name IFC prefixes with CI (co-investments in a single company), and 31 that IFC's project name prefixes with DFP or DCM or whose name says credit, debt, lending, loan, bond, infrastructure or real estate. The data set has no finer label than "Funds", so a few vehicles that are not private equity or venture funds may remain. For 22 funds the data set prints an equity amount of exactly 250 (million), the same figure for some two dozen small funds; that is not a commitment to one fund, so their commitment is left blank. The other 316 commitments add up to $10411.05 million; the data set prints no total. View source

About this data

Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.

  1. chiratae.com/chiratae-ventures-announces-second-close-of…
  2. business-standard.com/article/companies/chiratae-ventures…

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