Pi Ventures announce their second close at $25 mn

The fund is expected to announce their final close soon. Key contributors include Chairman of Hero Enterprise Sunil Kant Munjal, Electronic Development Fund (managed by Canbank Ventures), leading electronics company Hero Electronixs and leading HNIs and entrepreneurs. Earlier Limited Partners include India's top lender to small businesses, SIDBI, In Colour Capital from Canada, prominent family offices from USA, Canada, Singapore & India and leading entrepreneurs like Mohandas Pai, Binny Bansal, Deep Kalra, Sanjeev Bikchandani and Bhupen Shah among others. Co-founded by Manish Singhal and Umakant Soni, pi Ventures invests in early stage start-ups that focus on solving problems in healthcare, logistics, retail, fin-tech and enterprise sectors using applied AI, ML & IoT. The Bengaluru-based VC plans to invest in 18-20 start-ups from this fund over a 3-4 year time frame.