Fund News

pi Ventures makes first close of second fund at Rs.300-Cr

Business Line  

pi Ventures, an early stage venture capital fund, has made the first close of its second fund at INR 300 crore (USD 40 million). The second fund was launched in March 2021 with a base target corpus of INR 565 crore. The final close of the fund is expected around mid-2022. The fund plans to invest in 20-25 startups focused on disruptive AI and other forms of deep-tech across sectors such as blockchain, spacetech, biotech and material science.

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