India: Early-stage investor pi Ventures hits first close of second fund at $40m

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Early-stage venture firm pi Ventures, which invests in artificial intelligence (AI) and deeptech startups, Thursday announced that it has reached the first close of its second fund at $40 million (Rs300 crore).

The fund was launched in March 2021 with a base target corpus of $75 million (Rs565 crore), and a green shoe option to raise an additional Rs185 crore, said pi Ventures in a statement.

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