Chiratae Ventures makes second close of Fund V at $150-M

Chiratae Ventures has marked the second close of its fifth venture capital fund at USD 150 million (around INR 1,331 crore). The VC firm expects to mark the final close of the fund in the first quarter of 2026.Founded in 2006 by Sudhir Sethi and TC Meenakshisundaram, Chiratae Ventures has made 130+ investments and currently manages an AUM of $1.3 Bn across seven funds. Its portfolio includes unicorns such as Cult.fit, FirstCry, Flipkart, Lenskart, and PB Fintech.With the new fund, Chiratae aims to back early-stage startups in AI, deeptech, healthtech, spacetech, and other emerging sectors.The firm has already started deploying capital through its fifth fund - in companies like proptech startup HouseEazy, AI SaaS startup Pepsales, wealthtech startup Mili, and quick commerce startup ZILO. In addition, it has six more startup investments in the pipeline.