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Chiratae is looking for next spherical of early stage ventures

  • October 3, 2020
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Chiratae Ventures, one of the top home-grown venture capital companies in the country, has released the latest version of its seed-stage initiative, Innovators Programme, because the generation-centered investor

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Chiratae is looking for next spherical of early stage ventures

Chiratae Ventures, one of the top home-grown venture capital companies in the country, has released the latest version of its seed-stage initiative, Innovators Programme, because the generation-centered investor prepares to double down on its early-level funding activities.

This is the 7th version of the Innovators Programme, which kicked off approximately 5 years ago.

Chiratae, which counts agencies together with Myntra, Curefit, FirstCry and Lenskart in its portfolio, has remodeled 50 early-level investments until date, splashing out $a hundred twenty five million.

“The focus is to look at companies within our core sectors – consumer technology, healthcare and health-tech, fintech, enterprise software and deep-tech,” Karan Mohla, executive director and partner at Chiratae Ventures told ET in an exclusive interview.

“Post Covid-19, there are a lot of opportunities that have been thrown up, alongside challenges as well. Part of the problem we want to solve is, access to capital. But for us it goes a little bit deeper and broader. We also want to solve the real world challenges an entrepreneur faces,” Mohla added.

The Innovators Programme is a theme-based, 5-week initiative as a way to kick off early November and maintain until mid-December. The programme will see Chiratae write cheques of between $500,000 and $three million for the 10-20 startups which have been generic into the programme.

The Innovators Programme is one of the earliest seed-level projects undertaken through a primary assignment capital company in India. However, over the last 2-three years, nearly each one in all India’s VC buyers have released their personal new release of seed-level incubation or acceleration programmes, together with Sequoia Capital, Orios Venture Partners, Kalaari Capital and WaterBridge Ventures, amongst others, as they appearance to perceive probably great bets at inexpensive valuations and earn multi-bagger exits.

Chiratae’s awareness is on backing very early-level ventures throughout sectors, however which might be underpinned through generation and feature a robust awareness on highbrow property, and supporting them scale, perceive go-to-marketplace strategies, and rent key personnel, even as additionally supporting them in elevating similarly capital.

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