Pi Ventures launched new fund for start-ups
April 29, 2021
Early-stage investor Pi Ventures on Tuesday declared its second asset with a corpus of ₹565 crore.
Approvals from the Securities and Exchange Board of India were received in March this year for the second investment reserve that has an objective corpus of ₹565 crore and a greenshoe alternative of ₹185 crore, a statement said.
Pi Ventures is hoping to back around 25 worldwide disruptors from India through this fund, it added.
With Fund II, Pi will keep on focusing on early stage (seed/pre-Series A/Series A) interests in new businesses focused on problematic AI just as adventures going past advanced profound tech in territories like space technologies, material science, biotech and life sciences, the statement said.
Pi Ventures is taking a look at shutting the focused-on corpus inside this year and will be sent over the course of the following four years. With Fund 1, Pi has so far put resources into 13 classification characterizing profound tech start-ups like Niramai, Locus, Wysa, Agnikul and Pyxis among others.