The International Finance Corporation (IFC), a member of the World Bank Group, is proposing a $20-million equity investment in the fourth fund of Chiratae Ventures, an early-stage venture firm focusing on Indian startups.
Chiratae debuted in India in 2007 as IDG Ventures India with a $150-million fund. It rebranded in October 2018 as part of what the company said was a broader strategy to move away from the global brand and appeal more to entrepreneurs in India.
