About Chimes Group
Chimes Group is a venture capital firm founded in 2006. It is primarily based out of Gurugram, India. As of Nov 2024, Chimes Group has invested in 4 companies. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Consumer to Real Estate and Construction Tech and FinTech. Most recently it participated in the $***** Series A round of Proost Beer A lot of funds co-invest with Chimes Group, with names like India Accelerator sharing a substantial percentage of its portfolio. Chimes Group has team of 7 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Soonicorns
Chimes Group's List of All Investments
Chimes Group has a portfolio of 4 companies. Their most notable investments are in Proost Beer and Hecta.Their portfolio spans across India and United States. They have invested in Consumer, Real Estate and Construction Tech, FinTech and 8 other sectors, across stages such as Seed, Series A stages. Here is the list of all investments by Chimes Group:
1. MATTER
Developer of geared electric motorcycles and EV energy solutions. The company builds India’s first geared electric motorbike platform, led by its Aera model, combining a liquid‑cooled battery pack, manual gearbox, and connected features to offer a familiar yet electrified riding experience. It follows a vertically integrated approach to design in‑house powertrains, battery systems, and control electronics, and is expanding into broader energy storage and EV technology solutions from its manufacturing hub.
Key facts about MATTER
- Founded Year: 2019
- Location: Ahmedabad (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $108M
- Employee Count: 427 as on Jun 30, 2025
- Investors: TransLink Capital, Japan Airlines and 52 Others
- Latest Funding Round: Series C, Aug 25, 2026, $*****
- Highlight: Editors' Pick
2. Proost Beer
Brand of various beers beers tailored to local consumer preferences. It develops, markets, and distributes a range of beer products including strong lagers, premium lagers, wheat beers, and specialty beer variants designed for Indian consumer tastes. Its portfolio includes products such as strong beer, white ale, and ultra lager, combining international brewing influences with locally targeted flavor profiles and pricing. It serves consumers through liquor stores, bars, restaurants, and other licensed beverage retail channels while positioning itself as an accessible premium beer brand.
Key facts about Proost Beer
- Founded Year: 2018
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Stage: Series A
- Total Funding till date: $7.34M
- Employee Count: 94 as on May 31, 2026
- Investors: GI Ventures, Agility and 52 Others
- Latest Funding Round: Series A, Nov 07, 2024, $*****
3. Hecta
Provider of a transaction platform for bank-auctioned properties. It provides users with an online platform for repossessed properties sold through auctions by banks and financial Institutions. Users can find diversified categories such as plot, buildings, shops, agriculture lans, residential, commercial and industrial properties for buying, investing or flipping.
Key facts about Hecta
- Founded Year: 2021
- Location: Delhi (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $453K
- Employee Count: 18 as on Aug 31, 2025
- Investors: Chimes Group, Vg Holdings and 21 Others
- Latest Funding Round: Seed, Sep 06, 2025, $*****
4. Petro IT
Provider of cloud-based asset management software solutions for the oil and gas industry. The product offerings include 'Pipetrak IT' - which provides data management solutions for pipeline construction, 'Stack 61' - which provides inventory management solutions, 'Glide' - provides plant quality management solutions, 'Streamline' - it automates the commissioning process, and 'Mozaic' - it helps to digitize paper records.
Key facts about Petro IT
- Founded Year: 2004
- Location: Sugar Land (United States)
- Stage: Funding Raised
- Employee Count: 179 as on Sep 30, 2026
- Investors: Chimes Group
- Highlight: Editors' Pick
Chimes Group's Year-on-Year Investment Trends
Its most recent first time investment was in Proost Beer and most recent follow-on round was in Proost Beer.Chimes Group's Investments by Stage
Chimes Group has made 2 investments in Seed stage with an average round size of $1.6M and 1 investment in Series A stage with an average round size of $10M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
Chimes Group's Investments by Sector
Chimes Group has a diverse portfolio, with companies operating in the Auto Tech, Consumer, Consumer Goods, Energy Tech and Enterprise Applications. Notably, it has invested in 3 Enterprise (B2B) companies, 3 Software companies, 3 Tech companies and at least 2 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Auto Tech | 1 |
Consumer | 1 |
Consumer Goods | 1 |
Energy Tech | 1 |
Enterprise Applications | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Chimes Group's Investments by Geography
Chimes Group has made most investments in India (3).Chimes Group's recent investments
Chimes Group has not made any investment in 2026 so far.Here are the most recent investments by Chimes Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 07, 2024 | India | Series A | 3164 | [+12] | |
Mar 28, 2023 | India | Seed | 9021 | [+38] | |
Dec 30, 2022 | India | Seed | 2245 | [+11] | |
Dec 08, 2022 | India | Series A | 8198 | [+11] | |
Jan 24, 2022 | India | Series A | 9785 | [+18] |
Team profile of Chimes Group
Chimes Group has a team of 7 members including 3 Partners located in India and United States. Chimes Group's team does not sit on the board of any company as of now.Here is a list of all team members in Chimes Group:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Gurugram | - | ||
Partner | Sugar Land | - | ||
Partner | Gurugram | - |
Co-investors of Chimes Group
Over the past 4 years, 117 investors have co-invested in Chimes Group's portfolio companies. This includes funds and angels.
- Invested before Chimes Group: Dauble, Dev Punj and 6 others have invested in rounds before Chimes Group. There is 1 company where Dauble has invested before Chimes Group and 1 company where Dev Punj has invested before Chimes Group.
- Top Co-investors of Chimes Group: 67 investors entered a company along with Chimes Group. These include investors like India Accelerator (2 companies).
- Invested after Chimes Group: A total of 42 investors have invested in Chimes Group's portfolio after their investments. Top Investors include Hemani Global (1 company), Nawanagarbuildworth (1 company) and Pioneer Projects Investment (1 company).
Recent News related to Chimes Group
•
Gurugram Complex Cuts Bills with Rooftop plus BIPV Solar Project by Solluz EnergyMercom India•Oct 31, 2025•Solluz, Trina Solar, Sungrow, Chimes Group
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Proost Beer Bags INR 30 Cr From Chimes GroupInc42•Nov 19, 2024•Proost, Chimes Group, Hyderabad Angels, TCA and 1 other
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Proost Beer closes pre-Series A round at USD 3 MillionEnablers•Oct 25, 2023•Proost, Chimes Aviation Academy, TCA, Finvolve and 7 others
