chiratae ventures

Indian fintech will touch $1 trillion in assets under management (AUM) and $200 billion in revenue by 2030, according to estimates by VC firm chiratae ventures and EY. A report by the two firms said the growth will be driven by the digital lending space that is expected to grow to $515 billion by 2030.

Chennai-based logistics tech startup Pando has raised Rs 64 crore (roughly $9 million) in a Series A funding round led by VC firm chiratae ventures with participation from Siemens' venture investment arm Next47 and existing investor Nexus Venture Partners.

The Indian consumer tech sector is projected to reach $300 billion by 2027, growing at a CAGR of 25%. The sector's total addressable market (TAM) is valued at $100 billion, with mobility and entertainment being the dominant sectors. Fashion is expected to surpass entertainment as the second-leading sector by 2027. The expansion of digital public infrastructure has led to a significant increase in Indians availing entertainment and gaming services, as well as seeking on-demand services. chiratae ventures has invested $450 million in the sector and believes that winners will emerge at the intersections of technology disruption and vertical domains.

Peel-Works, a software-as-a-service platform for grocers and small retailers, has raised $5 million in a series-B round led by VC firm Equanimity Ventures with participation of HDFC Bank, global investment firm Schroder Adveq founder Bruno Raschle and existing investors Unilever Ventures, chiratae ventures and Inventus Capital.

Robotics startup Miko has raised $7.5 million in Series A funding from chiratae ventures, YourNest Venture Capital, investor Bruno Raschle’s family office and a group of angel investors.

Accel Partners, chiratae ventures, Pi Ventures, Trifecta Capita and Flipkart co-founder Binny Bansal have also participated in the round. The Bengaluru-based company, founded by Tathagato Rai Dastidar, Rohit Kumar Pandey and Apurv Anand some four years ago, marries AI and medical data for diagnosis.

Cropin is a startup in Bengaluru that has raised money from Google and JSR Corporation as well as existing investors ABC Impact and chiratae ventures. The funds will be used to expand the company's cloud-based intelligent agriculture platform. Krishna Kumar, co-founder and CEO of Cropin, said that the company's mission is to improve the intelligence of food production and to maximize value for all stakeholders in the agricultural ecosystem.

CropIn provides farm management solutions, leveraging capabilities of live reporting, analysis, interpretation and insight that span across geographies. Bengaluru-based agri tech startup raised $8 million in series B funding from chiratae ventures and Bill & Melinda Gates Foundation. CropIn addresses a global market of digital farming services estimated to hit $4.5 billion by 2020.