pi Ventures raises final tranche of $31m first fund to invest in deep tech startups

pi Ventures raises final tranche of $31m first fund to invest in deep tech startups

pi Ventures’ founding partners (from the left) Umakant Soni and Manish Singhal, and partner Abishek Surendran. Photo: Mint

Early-stage venture fund pi Ventures, which invests in artificial intelligence- and internet of things-based (IoT) startups, has raised the final tranche of its ₹225 crore first fund, which will invest in deep-tech startups over the next four years. Bengaluru-based pi Ventures raised ₹40 crore from UK governments’ CDC Group Plc last month.

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