• Chethan Machaknur

CDC  commits  $10 mn to  Chiratae

The UK’s publicly-owned impact investor CDC Group has committed $10 mn to Chiratae Ventures’ Fund IV, which focuses on highly scalable, tech-enabled companies, as it seeks to increase its presence in India’s tech startup ecosystem.The fund will focus primarily on early-stage investments with the flexibility to invest at seed and expansion stages, backing companies in deep-tech, consumer media, software, fintech and health tech.

Chiratae has so far backed Cure.Fit, FirstCry, Bounce, Lenskart and PolicyBazaar, among others. The funds advised by Chiratae Ventures have over $775 mn assets under management and over 85 investee companies.

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