India, Sept. 23 -- Flipkart-backer Chiratae Ventures has marked the second close of its fifth venture capital fund at $150 Mn (around INR 1,331 Cr). The VC firm expects to mark the final close of the fund in the first quarter of 2026.

With the new fund, Chiratae aims to back early-stage startups in AI, deeptech, healthtech, spacetech, and other emerging sectors.

The firm has already started deploying capital. Through its fifth fund, it has invested in proptech startup HouseEazy, AI SaaS startup Pepsales, wealthtech startup Mili, and quick commerce startup ZILO. In addition, it has six more startup investments in the pipeline.

Chiratae said it has received backing from domestic and international limited partners, institutional investors...