IDG Ventures, one of India's oldest VCs, is now called 'Chiratae Ventures'

The funds advised by the firm have had two IPOs and two unicorns in the portfolio

IDG Ventures India, one of the country's oldest venture capital firms, on Tuesday said it has rebranded itself as Chiratae Ventures as it looks to tap the emerging opportunities in 'new India'. 

Founded in 2006 by Sudhir Sethi and TC Meenakshisundaram, the Bengaluru-headquartered VC firm has so far backed 76 companies, including Flipkart, Myntra, FirstCry, Lenskart, NestAway, PolicyBazaar and Yatra, among others. Currently, the firm has over $470 million assets under advisory, with a presence in three locations.   

"As we speak, the Indian ecosystem is fast evolving. Our entrepreneurs are unparallelled global leaders who are leading this Indian wave.