Chiratae's Fund IV closes at $337-M

Bangalore-based Chiratae Ventures has closed its fourth fund at USD 337 million, higher than the targeted corpus of USD 275 million. Chiratae Ventures now has a cumulative AUM of nearly USD 950 million. The firm has already deployed around USD 100 million from the new fund across 25 companies and has around USD 30 million in the pipeline. Chiratae has previously backed startups such as Myntra, Lenskart, FirstCry and PolicyBazaar.