Chiratae Ventures

Chiratae Ventures

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About

Chiratae Ventures is a well known and established VC, which was founded in 2006. The primary office of this VC is located in Bangalore. This investor is located in Asia, India. Chiratae Ventures is a CVC is a part of a larger organization.

The fund was created by Sudhir Sethi, TC Meenakshisundaram. Besides the listed founders, we have found 12 key employees of this fund in our database.

When Chiratae Ventures invests, the average start-up valuation is 100-500 millions dollars. This fund was the most active in 2015. Besides, in 2019 the fund was active. Deals in the range of 10 - 50 millions dollars are most common for this fund. In real terms, this VC performs 15 percentage points more exits than other funds. Chiratae Ventures is involved in 20 percentage points less than the average amount of lead investments when compared with other funds. The fund generally invests in 7-12 deals every year. We recorded the biggest number of exits for this fund in 2019.

The fund has no specific requirements for the number of founders in a start-up. When a start-up has 5+ founders, the probability of closing the deal is low. Among the most popular investment industries for the fund are Analytics, Security. However, the fund’s focus is not limited to this, since there are 29 more areas of investment. The average start-up age at the time of investment by this fund is 4-5. PolicyBazaar, Xpressbees, Zivame.com are amongst the various portfolio companies of this fund. The country of its foundation and the country of its most frequent investments coincides - India. Besides this, the fund also invested in 2 other countries.

The usual method for the fund is to invest in rounds with 3-4 other investors. Aside from Chiratae Ventures, start-ups are often funded by Tiger Global Management, Indian Angel Network, Vertex Ventures and 50 other funds. The most common co-investors for the fund are Tiger Global Management, SAIF Partners, Norwest Venture Partners and also 55 different VCs. In subsequent rounds, the fund is usually supported by Vertex Ventures Southeast Asia & India, Norwest Venture Partners, SAIF Partners, out of 58 investors from our database.

Fund Activity

Operative

Group Appearance [how often fund is operating separately from groups with shared interest]

98.3% of cases

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

32.9% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x5

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

2 years

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

1

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