IDG Ventures India changed its name to Chiratae Ventures in 2018 and Inventus India rebranded the company as Athera Venture Partners in 2022 to reiterate their vision and focus. In addition, Sequoia Capital changed its name this year to Peak XV Partners, taking its cue from Mount Everest, whose previous name was Peak XV until it was changed.
The Bengaluru-based startup's financial problems, which include overstating revenues, have surfaced less than a year after it raised $20.6 million in its Series A round.
Companies in the growth stage have already built a consumer base and validated their value proposition. As a result, investors' returns can be more guaranteed.
The founder and chairman of the fund believes every sector needs to realize the utility of technology to attain objectives of scaling up
The Innovators Program is the longest running program in the country and over the previous six editions, Chiratae Ventures has partnered with 14 companies
Company said it will utilize the fresh capital to accelerate its product growth and expand its engineering and data science team in the US and India
The investment by Chiratae Ventures was done as part of its DeepTech Innovators Program
the publicly-owned CDC group is known for supporting sustainable, long-term growth of businesses in South Asia and Africa. It has investments in over 1,200 businesses, with the total portfolio value of USD 6.87 billion
In a bid to strengthen its presence, Myntra's early investor IDG India has re-branded to Chiratae Ventures