Chiratae Ventures Announces Second Close of USD 150 Million for its Fifth VC Fund, Focused on Early-Stage Startups
SEP 23, 2025
Bangalore,India – September 23, 2025 : Chiratae Ventures, one of India’s leading technology-focused venture capital firms, announced the second close of its fifth venture capital fund at USD 150 million. The fund will invest in early-stage startups, including Seed, Series A and B. And expects to do a final close by the first quarter of calendar year 2026.
Chiratae Ventures’ Managing Directors, Venkatesh Peddi and Ranjith Menon, will lead Chiratae’s Fund V venture fund.
L-R Venkatesh Peddi and Ranjith Menon
The fund has received strong backing from domestic and international Limited Partners, institutional investors, family offices, and repeat backers from previous Chiratae funds.
Backing High-Potential Startups Across Key and Emerging Sectors
Fund V will continue to invest in Chiratae’s core focus areas- AI, DeepTech, HealthTech, ConsumerTech, FinTech, SaaS, ClimateTech, SpaceTech, and climate to be included, while also actively expanding into emerging sectors such as DefenceTech and Quantum technologies.
The fund has already begun deploying capital, with early investments in HouseEazy, a full-stack proptech platform for resale homes; Pepsales, an AI Platform for Personalised B2B sales demos; Mili, a meeting assistant platform for wealth management firms; and Zilo, an omnichannel quick commerce fashion platform. The fund has committed to six additional companies, in the pipeline.
“We are thankful to all our investors, both longstanding and new, for their continued support,” said Venkatesh Peddi, Managing Director at Chiratae Ventures. “This second close reflects strong conviction in our ability to identify and support India’s next wave of technology-led startups. We’re seeing excellent founder momentum already, and this capital allows us to move quickly and meaningfully.”
Backing for the Long Haul
With this close, Chiratae continues its commitment to supporting founders across the early stage, investing in seed and Series A and B rounds. At the seed level, Chiratae Sonic offers founders a quick turnaround on decisions, often within 48 hours, and access to mentors, credits, and the firm’s broader support ecosystem.
Founded by Sudhir Sethi and T.C. Meenakshisundaram (TCM), Chiratae’s investment philosophy is grounded in identifying large white spaces where technology can deliver meaningful value at a population scale.
“Technology is re-shaping the business landscape in unprecedented ways with the adoption of AI and the evolution of Deep-tech companies. We sense that this will be a defining decade for Indian entrepreneurship. The strong support from our investors is a validation of Chiratae’s strategy across investments and divestments,” said Ranjith Menon, Managing Director.
Chiratae’s approach has always been to enter early, bring sector knowledge and strategic depth, and stay committed across the journey.