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UK-based CDC commits USD 10 million to Chiratae Ventures Fund IV

Mumbai UK-based CDC Group has committed $10 million 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.

“CDC’s commitment to Chiratae Ventures’ Fund IV is a show of confidence in India’s innovative ecosystem,” said Sudhir Sethi, founder and chairman, Chiratae Ventures.

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 to name a few.

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