Indian early-stage investor pi Ventures raises $85m

Funds to be used for backing AI, deep tech startups

20230804 Pi ventures

The second fund of pi Ventures was oversubscribed and exceeded its initial target of $68 million. (Source photo: screenshot from pi Ventures' website) 

VIBHUTI SHARMA, DealStreetAsia

NEW DELHI -- Indian early-stage venture capital fund pi Ventures said it has raised $85 million in the final close of its second fund, 2.5 times more than its predecessor fund, to invest in AI and deep tech startups.

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