Chiratae Ventures announces 48-hour seed fund approval

Chiratae Ventures announced their seed initiative Chiratae Sonic that guarantees a 48 hours turnaround time on seed fund requests/pitches for investments less than or equal to $500,000. Chiratae has also introduced an application form and a dedicated website (https://sonic.chiratae.com/) to make the process even simpler for early-stage founders.

The initiative aims to enable quicker access to capital for founders and help them prioritize innovation. The initiative will be rolled out in phases, with the first phase going live today and Chiratae is accepting applications under Chiratae Sonic for the next 30 days.

Chiratae Sonic is the 8th seed investment program rolled out by Chiratae in line with their efforts to empower and support early-stage ventures.

Commenting on the initiative, Sudhir Sethi, Founder & Chairman, said, "As an entrepreneur-first VC, our focus has always been on prioritizing the success of our portfolio businesses. We are constantly on the lookout for ways to make our relationship more efficient and productive. One of the biggest challenges an early-stage entrepreneur faces is the tedious and time-consuming process behind raising capital. We believe innovation needs to be at the core of why and how founders interact with investors. By solving and simplifying the ‘how’ of that conversation Chiratae Sonic strives to empower founders to focus on innovation above all.”

In addition to the promise of rapid decision-making for investments via Chiratae Sonic, the initiative entails standard investment terms for equity investments. Diligence for all investments under the initiative will be completed rapidly and remotely with trusted partners. Chiratae remains focused on investing in startups with technology at the core, irrespective of end-use application in dynamic industries like Consumer Tech, Enterprise Tech/SaaS, FinTech, Health-Tech, Deep-Tech, Ed-Tech, and Agri-Tech among others.

Amazon Web Services (AWS) is a key collaborator in the Sonic program and will offer credits up to USD $100,000 per eligible startup through the AWS Activate program, which provides resources like AWS credits, business mentorship, and technical support to help early-stage founders build and scale successful businesses.