Venture capital fund Chiratae Ventures is set to hit the first close of its fourth India-focused fund at $150 million, two people aware of the development said, on condition of anonymity.
Chiratae, formerly IDG Ventures India, was founded in 2006 by Sudhir Sethi and T.C.M. Sundaram. It has backed startups such as Myntra, Lenskart, CureFit, and Policybazaar.
