Press Release

TCM Sundaram elevated as Vice Chairman of Chiratae Ventures

December 17, 2021

Bengaluru, 17th December 2021: TCM Sundaram elevated as Vice Chairman of Chiratae Ventures

Bengaluru based Chiratae Ventures has announced the elevation of its Founder, TCM Sundaram, to Vice Chairman.

TCM Sundaram brings over 35 years of industry experience, including 16 years of venture experience. Some of the notable leaders he has backed are Lenskart, PolicyBazaar, AgroStar, Vayana, Kristal.ai, ShopSe, amongst others.

In 2006 Sudhir Sethi and TCM Sundaram co-founded Chiratae Ventures.

Welcoming TCM Sundaram’s elevation to Vice Chairman, Sudhir Sethi, Founder and Chairman, shared, “I have had the privilege of working with TCM over the past 30 years as well as being close friends over these many years. TCM’s Contribution to the success of Chiratae has been notable and exceptional not only as a professional but also as a strong team player. Characterized by intellect, immense energy, and multiplexing TCM is a fine role model within Chiratae.”

In the past fifteen years, TCM has led many initiatives in investments, exits, firm building, finance, and legal, amongst others. TCM has also led the Fintech Sector, contributed and led fundraising, including opening new investor platforms such as Rupee Capital, DFIs and Insurance companies partnerships, and more recently taking a portfolio to scale and IPO.

Well respected and regarded by the Indian VC/PE ecosystem as a pioneer, TCM is also a Chartered Accountant by qualification. He is a Charter Member of The Indus Entrepreneurs (TIE).

A marathoner and an F1 fan, he invests in public markets too.

About Chiratae Ventures

A homegrown early-stage tech VC backing stellar entrepreneurs disrupting or creating new ecosystems, the fund has been an early backer of Curefit, Firstcry, GlobalBees, Lenskart, and Myntra, and has invested in leaders like AgroStar, Bizongo, Bounce, Cropin, EarlySalary, GoMechanic, HealthifyMe, NestAway, Pyxis, Uniphore, Vayana, amongst others. This year Chiratae completed 15 years in the Indian Startup Ecosystem and announced its final close of the fourth fund oversubscribed at $337 million in August. Through the years, the team has delivered value for its investors with over 39 exits and driven portfolio growth as demonstrated by $1 billion AUM since its inception, 3 IPOs and 6 Unicorns, with more round the corner.

L-R: Sudhir Sethi, Founder & Chairman with TCM Sundaram, Founder and Vice Chairman, Chiratae Ventures.