pi Ventures plans to invest in 18-20 deep tech startups in India in the next 3-4 years with a significant portion allocated for follow-ons as well.
pi Ventures plans to invest in 18-20 deep tech startups in India in the next 3-4 years with a significant portion allocated for follow-ons as well. pi team will continue to back startups in health-tech, logistics, retail, fin-tech and enterprise sectors.
The fund was founded by Manish Singhal and Umakant Soni. Abishek Surendran joined the fund as a partner in 2017. Combined, they bring several decades of experience in technology, products and investing. The team is further supported by Shamik Sharma, ex-Chief Product & Technology Officer, Myntra who is a Venture Partner in the fund.
Manish Singhal, Founding Partner, pi Ventures, said, “We are thankful of the support from like-minded individuals and partners who believe in our investment thesis of backing innovation and disruption that solves real world problems through Applied AI. India AI eco-system is at an interesting intersection of data, talent and market need. We are very excited to have an opportunity to back startups which are creating global solutions from India.”
pi Ventures has so far announced investments in SigTuple (revolutionising global healthcare space through data driven intelligence), ten3T (medical grade wearable device), NIRAMAI (non-touch, non-radiation, breast cancer screening), Zenatix (data-driven energy efficiency company acquired by Hero Electronix), CustomerSuccessBox (customer success platform which helps B2B SaaS companies reduce, churn and grow their recurring revenue by applying AI and ML) and Locus.sh (logistics optimisation platform).
Source: BW Disrupt
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