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Chiratae Ventures closes its fourth fund at USD 337 million

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Mobility Energy and Transportation

Private Capital

Chiratae ventures closes its fourth fund at usd 337 million

06 Aug 2021

1 min read
Mumbai-based venture capital firm Chiratae Ventures said Friday it has raised a total of USD 337 million, marking the closure of its fourth fund, an oversubscription from its initial target of USD 225 million. High net-worth individuals and family offices from India, the US, UK, Europe, Japan, and Singapore parked their money in the fund.
In the 15 years of its existence, Chiratae has participated in 100 deals to date and has exited 38 investments in companies such as CloudCherry, Manthan, Myntra, Newgen, and Xpressbees. It recently raked in a 43x return from its investment in gaming company PlaySimple, which was acquired in July by Swedish digital entertainment company Modern Times Group.

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Chiratae Ventures closes its fourth fund at USD 337 million | PraxisGA