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Chiratae Ventures' exit from PB Fintech is only one of a handful of full or partial exits from its fintech portfolio, fewer than those executed by other VC firms.
The other selected fund managers include Kalaari Capital, Speciale Invest, IvyCap Ventures, Ideaspring Capital and TVS Capital Funds.
The round also saw participation from Rainmatter by Zerodha and existing investor Pi Ventures.
The round also witnessed participation from existing investors Chiratae Ventures, Varanium Fintech Fund, and VCMint.
Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
The round also saw participation from existing investor Titan Capital Winners Fund.
The venture capital firm will invest up to $2 million across seed to Series A in an individual startup.
The funding round saw participation from White Venture Capital and Samved Ventures, along with existing investors Y Combinator, GMO Venture Partners, and Rebel Funds.
