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Chiratae Ventures, a prominent VC firm in India, has sold a stake worth $70 million in some of its portfolio firms to Madison India Capital. The move comes as Chiratae Ventures faced pressure to return capital to LPs, reflecting a trend in the Indian VC industry. Meanwhile, the overall VC investments in India declined by 65% in 2023 compared to the previous year, with consumer tech, fintech, and software/SaaS sectors remaining key areas of focus. Despite the slowdown in venture investments, there are indications of a return to pre-pandemic norms, offering hope for the industry.
2023 marked a slowdown in venture investment, with early-stage deals facing the biggest blows. Yet, amidst the decline, signs of a return to pre-pandemic norms emerge. Dive into the insights in our State of VC report: https://t.co/DRjECZxd6H https://t.co/lKkoSGPzNH
There seems to be a growing acceptance that both the depth and breadth of India’s tech ecosystem are not enough to return large-sized funds. This is a good time as any to build the next VC fund which can factor this in. By @akm1410. https://t.co/DxQeVevVWs
Is this @crunchbase forecast playing out in Q1? We're seeing good signs of it. - VC veterans are feeling hopeful for improvements - A right-sized market after years of fluctuations - More exits = more funding available = good news for startups Read on: https://t.co/UqSlDqKbkb
