Chiratae Ventures, a leading technology venture capital fund in India is introducing a new $35 million seed fund, as the tussle for seed and early-stage investments escalated across top venture funds.

According to a person briefed by ET “the intent is to focus on cheque sizes of between $500,000 and $1 million, and get exposure to high-growth emerging sectors early”.

Due to the rise in competition in the seed-stage market, the companies have to deliberate over programmes and initiatives for adding values to the company.

Chiratae will persist doing Series A to late-stage investments and will focus on the technology sector through its fund. Chiratae formerly known as IDG Ventures India earlier this year announced that it will add $20 million to its fourth fund.

To attract founders, venture funds in India are launching new programmes and leaving no stone unturned to remain one step ahead of the competitors. For example, Accel Partners have initiated an accelerator named “ReBound” for second-time founders; Silicon Valley investment firm Sequoia Capital started its $200 million Surge and Orios Venture Partners re-launched its accelerator programme Misfits.

Many overseas like GGV, Akatsuki Entertainment Technology, Korean Investment Partners, Qiming Ventures, Morningside, Venture Highway and a bunch of other investors have set their foot in deal-making activity in the country.

According to ET, the early-stage technology and startup deal activity is expected to surge with the emergence of venture capital firms like Accel Partners and Lightspeed Venture Partners who are expected to raise capital and many types of funds, stepping up investment in the country.