Software & AI Investor @chirataevc | Seed/Series A investing in India-US | @iitbombay alum | Sharing theses, portfolio lessons & what Iโm seeing in the AI world
Bangalore
Joined April 2013
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Aman Raj retweeted
Bengaluru-based quantum computing startup Quanfluence has raised $10 Mn to build its full-stack photonic quantum computer. ๐
Led by @ChirataeVC , the round also saw participation from @Rainmatterin by Zerodha and existing backer Pi Ventures. The startup will use the funds to develop an integrated system combining photonic chips, control electronics and software.
Founded in 2021, Quanfluence is targeting early processors by 2027 and larger, scalable quantum machines by 2029. Its optical Ising machine is already commercialised, with three machines sold and paid pilots with 10โ15 corporations.
๐ Quanfluence is taking its photonic quantum computing technology from research towards commercialisation. Read the full story here: 4-2.co/4hAsWNi
#Quanfluence #QuantumComputing #DeepTech #Fundraise #News
Aman Raj retweeted
We're excited to lead Quanfluence's $10M round, alongside Rainmatter by Zerodha and existing investor pi Ventures.
Sujoy Chakravarty and team are building a full-stack photonic quantum computer in India, from indigenously designed photonic chips to control electronics and software, with the long-term goal of a fault-tolerant, general-purpose quantum computer. The founding team brings rare depth across photonics, semiconductors and quantum research, the combination this problem demands.
We believe Quanfluence can help strengthen Indiaโs position in the global quantum computing landscape.
@amanvoid @venkypeddi @_TanviD @Inc42
inc42.com/buzz/quanfluence-rโฆ
Aman Raj retweeted
#Funding: Chiratae Ventures leads $10 Mn round in photonic quantum startup Quanfluence
โ๏ธ @Gyantap
entrackr.com/news/chiratae-vโฆ
Aman Raj retweeted
MOI-1a Update: We finally made it to orbit onboard a orbital transfer vehicle (OTV) depoyed at T+01:02:10 from Transporter-18 mission of Falcon-9 SpaceX. Impulso.space supported us across every critical phase of MOI-1a launch journey.
Next stop, on 10th Oct we get injected into orbit by the OTV. Post that 90-minutes of phoenix period (no operations) and then the operations begin.
Stay tuned for updates on mission.
#ai #space #dataCentersInSpace #isro #india
Aman Raj retweeted
Twenty years. But the story was never really about the years.
It was about the entrepreneurs who saw opportunities before they were obvious, built categories before they existed, and kept building when the outcome was far from certain.
Over the last two decades, Chiratae has had the privilege of backing founders across SaaS, e-commerce, fintech, consumer internet, healthcare, deeptech, spacetech and moreโeach building ahead of the curve and, in many cases, helping shape the categories that followed.
As Chiratae turns 20, we start where the story really belongs: with the companies and entrepreneurs who shaped the journey.
๐๐ ๐๐๐๐ซ๐ฌ ๐จ๐ ๐๐๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ฎ๐๐๐๐ข๐จ๐ฎ๐ฌ ๐๐ง๐ญ๐ซ๐๐ฉ๐ซ๐๐ง๐๐ฎ๐ซ
#chiratae20 #backingtheaudaciousentrepreneur
Aman Raj retweeted
Peeko raises Rs 67.4 crore led by Chiratae Ventures to scale quick babycare platform
Chiratae's investment in Peeko is notable given its long association with FirstCry. The venture capital firm was an early backer of the babycare retailer and remained invested for more than 12 years through its evolution into an omnichannel business and its 2024 IPO.
moneycontrol.com/news/busineโฆ
Aman Raj retweeted
Anoop Menon is now Investment Partner at Chiratae Ventures.
Consumer technology has been an important area of focus for Chiratae, and one where we have had the opportunity to back several companies through different stages of their growth.
Over the years, Anoop has played an increasingly important role in shaping and leading our work across the consumer technology portfolio and has worked closely with and backed several companies in the sector. His progression at Chiratae reflects both the contribution he has made to the investment team and the responsibility he has taken on as the firm has grown.
We are pleased to see him take on the role of Partner and a broader set of responsibilities at Chiratae. We congratulate Anoop on this next step in his journey and look forward to the contribution he will continue to make.
Congratulations, @anoopnmenon!
@sudhirksethi @tcmsundaram @ranjith_menon @venkypeddi
Aman Raj retweeted
We'll be going live for India's first private orbital launch. ๐
Watch Vikram-1's Test Flight-1 โ Mission Aagaman โ live on YouTube today.
Set your reminder and fly with us. โถ๏ธ๐youtube.com/live/-lLd1cI7v0Uโฆ
#Vikram1 #MissionAagaman #SkyrootAerospace #OpeningSpaceForAll
Aman Raj retweeted
@IndiaMART and @SquadStackAI are running Indiaโs largest agentic AI deployment in live commerce is now live, handling 1 lakh+ fully autonomous conversations every day.
Results: 20% higher conversions at 15% lower cost
From pilot to full production in just 3 months.
@DineshAgarwal @amarinderd
Aman Raj retweeted
Hi, all. Iโve been seeing an inaccurate policy document going viral about Lenskart.
I want to speak directly that this document does not reflect our present guidelines.
Our policy has no restrictions on any form of religious expression, including bindi and tilak, and we continue to review our guidelines regularly.
Our grooming policy has evolved over the years and outdated versions do not represent who we are today. We apologize for the confusion and concern this situation has caused.
We as a company, continue to learn and build. Any lapses in our language or policies have and will continue to be addressed.
We have thousands of team members across Bharat who wear their faith and culture proudly every day at our stores. They are Lenskart.
Lenskart was built in Bharat, by Indians, for Indians. Every symbol and every tradition our people carry is a part of who we are as a company. I will never let that be compromised.
๐
Aman Raj retweeted
Dr. K. Radhakrishnan, Chairperson, Board of Governors, IIT Bombay today launched Y-Point Venture Capital Fund, Indiaโs first-ever deep tech venture capital fund by the Society for Innovation & Entrepreneurship -SINE IIT Bombay in the presence of Prof. Shireesh Kedare, Director, IIT Bombay. Prof. Milind Atrey, Deputy Director (Academics, Research and Translation) and Prof. Ravindra Gudi, Deputy Director (Finance, Infrastructure and Administration).
With a total fund size of INR 250 crore, this landmark initiative is set to redefine the trajectory of India's deep tech startups by providing crucial risk capital at an early stage of their journey. For more than two decades, SINE IIT Bombay has been at the forefront of nurturing technological innovation, transforming groundbreaking research into viable enterprises. Having supported over 500+ startups, 1000+ innovators, SINE understands the unique challenges faced by deep tech ventures โ from longer gestation period, higher capital requirement, need for specialized mentorship and market access. The fund is a direct response to address these pain points and is designed to accelerate the journey of a startup from lab to market. The fund will invest in deep tech startups emerging from IIT Bombay and other premier academic and research institutes. It will invest in pre-seed and seed stages across 25-30 startups with a maximum ticket size of INR 15 crore. It will give a big boost to Indiaโs fledging deep tech ecosystem.
The fund will enable meaningful and sustained participation by the private sector in innovation and entrepreneurship ecosystem of IIT Bombay. This INR 250 Crore Deep Tech Fund marks a pivotal moment for SINE IIT Bombay and for India's aspirations to become a global hub for technological innovation. By addressing the critical funding gap and providing comprehensive ecosystem support, SINE is poised to empower groundbreaking ventures that will shape the nation's future.
Prof. @karandi65 , Secretary, Department of Science & Technology, Government of India congratulated IIT Bombay and appreciated the efforts of SINE. Prof. Nishant Sharma, Professor In Charge, SINE delivered the vote of thanks.
Aman Raj retweeted
We are excited to launch the Chiratae Sonic DeepTech Program, to back Indiaโs DeepTech founders across SpaceTech, Robotics, Quantum Technologies, Energy and ClimateTech, AI, Advanced Manufacturing, BioTech, and MedTech.
What Chiratae Sonic DeepTech Program offers:
-Up to $2M in early-stage capital (Seed to Series A)
-A fast 48-hour turnaround
-Targeted support through partnerships and industry connects
-Visibility with a chance to present at Sonic Demo Day
Applications open, apply here: chiratae.com/chiratae-sonic/
@sudhirksethi @tcmsundaram @venkypeddi @ranjith_menon @saharsh_ss @samarth_gudwala @_TanviD @amishdedhia @anoopnmenon @MkJulka @amanvoid @chandra444
Aman Raj retweeted
๐๐ญ๐ซ๐ฅ๐ ๐ก๐๐ฌ ๐ซ๐๐ข๐ฌ๐๐ $๐.๐๐ ๐ข๐ง ๐ฌ๐๐๐ ๐๐ฎ๐ง๐๐ข๐ง๐ ๐ญ๐จ ๐๐ฎ๐ข๐ฅ๐ ๐ญ๐ก๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐ ๐จ๐ ๐ฌ๐๐๐ซ๐๐ก.
Led by @ChirataeVC, and joined by Equirus, Campus Fund, PointOne Capital, and notable angels backing us.
Weโre building a unified data lake for logs, metrics, traces, and security events, powering:
- Lightning-fast search, based on our proprietary inverted index
- Compression tech designed to cut storage cost
- Better telemetry retention at lower spend
- Lower MTTR for every engineering team
Thank you to our customers, partners, and especially the team.
Weโre just getting started. See what weโre building at ctrlb.ai
#SeedFunding #Observability #DataLake #Telemetry #SearchEngine #CloudNative #DevOps #SiteReliability #FutureOfSearch
Aman Raj retweeted
Itโs been more than 14 years since we first met young and determined @peyushbansal & Amit Chaudhary - founders with clarity of purpose and strong conviction.
Aman Raj retweeted
Great founders and businesses will get funded, if not today, tomorrow and if not by one investor by another. #Founders have to choose their investors on shared vision & values to enjoy the rollercoaster journey of building.
Thank you @peyushbansal for choosing @ChirataeVC ๐๐
TCM Sundaram of Chiratae, Lenskart's earliest investor, presents Peyush Bansal with a framed copy of the company's first ever term sheet.
Chiratae, then IDG Ventures, picked a 40% stake in Lenskart for $4 million.
@ETtech
