Pi Ventures Receives $12 Million Investment from FFS for Investment in Deep Tech Startups

It is reported that the Indian early-stage venture capital fund pi Ventures has announced that it has obtained an investment commitment of 1 billion Indian rupees (about 12 million US dollars) from the start-up fund (FFS) managed by the Small Industrial Development Bank of India (SIDBI), and has also received support from BII, Nippon India Digital Innovation AIF (NIDIA), Accel, Colruyt, Binny Bansal, Varun Alagh and other investors. Pi Ventures announced that it will use this funds to invest in cross industry deep technology startups such as artificial intelligence and blockchain. Currently, its investment portfolio in the encryption and blockchain industries includes Web3 cybersecurity company Silence Laboratories, industrial technology company SwitchOn, and blockchain B2B currency supply chain management platform OweMe. （technode.global）

India’s early venture capital fund pi Ventures has received an investment commitment of 1 billion rupees, focusing on innovative areas such as blockchain

Introduction

Indian early-stage venture capital fund, pi Ventures, has recently made headlines, having announced that it has secured a substantial investment commitment of 1 billion Indian rupees (about 12 million US dollars) from the start-up fund (FFS) managed by the Small Industrial Development Bank of India (SIDBI). Alongside support from BII, Nippon India Digital Innovation AIF (NIDIA), Accel, Colruyt, Binny Bansal, Varun Alagh and other investors, pi Ventures has stated that it will use these funds to invest in deep technology startups such as artificial intelligence and blockchain.

What is pi Ventures and FFS?

Pi Ventures is an early-stage venture capital fund based in India. The fund focuses on startups using deep technology to solve real-world problems while simultaneously creating value for businesses in India and around the world.
FFS, on the other hand, is a start-up fund managed by the Small Industrial Development Bank of India (SIDBI). FFS supports start-ups in sectors such as technology, manufacturing, consumer goods, clean energy, and social enterprise. They have invested in more than 329 start-ups to date, and pi Ventures is the latest addition to their portfolio.

The Investment and Its Impact

The investment commitment of 1 billion Indian rupees (about 12 million US dollars) marks pi Ventures’ largest fundraise to date. The funds will be used to invest in deep technology start-ups that can benefit from pi Ventures’ expertise, networks, and resources.
These funds will also allow pi Ventures portfolio companies to grow, expand, and disrupt across various industries with innovative solutions. As pi Ventures’ focuses on deep technology, artificial intelligence, and blockchain startups, these funds will help them invest in companies that use these technologies to drive transformative change in their respective industries.
With support from FFS, BII, Nippon India Digital Innovation AIF (NIDIA), Accel, Colruyt, Binny Bansal, Varun Alagh, and others, pi Ventures can increase its focus on cross-industry deep technology startups. It will allow them to invest in the most promising start-ups from across different industries, from healthcare to finance.

pi Ventures’ Current Investment Portfolio

Pi Ventures has made an impressive name for itself in the deep tech space by investing in disruptive technologies such as artificial intelligence, blockchain, cybersecurity, and supply chain solutions.
Some of its most notable investments include Silence Laboratories, a cybersecurity company that uses advanced AI techniques to detect and prevent cyber threats. SwitchOn, an industrial technology company that monitors and analyzes the energy usage of machines and assets utilizing AI algorithms. OweMe, which is a blockchain-based supply chain management platform that enables businesses to track transactions, payments, and inventory in real-time.

Conclusion

Pi Ventures’ investment from FFS marks a significant milestone for the Indian venture capital industry. The funds will provide support for India’s growing number of deep technology start-ups, fueling innovation, and creating new solutions that can help solve some of the world’s most significant problems.
With a strong presence in the deep tech space, pi Ventures will continue to invest in companies that leverage AI and blockchain to revolutionize industries such as healthcare, finance, logistics, and more. As pi Ventures expands its portfolio, it will help to create a more innovative and tech-driven economy in India, making it a hub for groundbreaking deep technology start-ups.

FAQs

**Question 1:** What is pi Ventures?
Answer: Pi Ventures is an early-stage venture capital fund based in India. The fund focuses on start-ups using deep technology to solve real-world problems while simultaneously creating value for businesses in India and around the world.
**Question 2:** What is the significance of FFS’s investment in pi Ventures?
Answer: FFS’s investment commitment of 1 billion Indian rupees (about $12 million) is pi Ventures’ largest fundraise to date. This investment will provide support for India’s growing number of deep technology start-ups, fueling innovation, and creating new solutions that can help solve some of the world’s most significant problems.
**Question 3:** What is pi Ventures’ current investment portfolio?
Answer: Pi Ventures has invested in a range of companies focused on deep technology, including Silence Laboratories, a cybersecurity company, SwitchOn, an industrial technology company, and OweMe, a blockchain-based supply chain management platform.