Pi Ventures Secures $12 Million Investment Commitment from SIDBI’s Startup Fund

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**
A leading Indian early-stage venture capital fund, Pi Ventures, has secured an investment commitment of 1 billion Indian rupees (about 12 million US dollars) from the Small Industrial Development Bank of India’s (SIDBI) startup fund (FFS). The company has also received support from several other investors, including BII, Nippon India Digital Innovation AIF (NIDIA), Accel, Colruyt, Binny Bansal, and Varun Alagh. Pi Ventures has announced that it will use this fund to invest in cross-industry deep technology startups, with a particular focus on artificial intelligence and blockchain. In this article, we will discuss the details of Pi Ventures’ latest investment and its impact on the AI and blockchain industries in India.
**Pi Ventures’ Investment Portfolio**
Pi Ventures’ current investment portfolio in the encryption and blockchain industries includes:
1. Silence Laboratories – a cybersecurity company that specializes in Web3 technology.
2. SwitchOn – an industrial technology company that specializes in energy efficiency solutions for industries.
3. OweMe – a blockchain B2B currency supply chain management platform.
With the new funds received from SIDBI’s FFS, Pi Ventures aims to expand its investment portfolio while providing financial support for promising startups in the AI and blockchain industries.
**Impact on AI and Blockchain Industries in India**
Artificial intelligence and blockchain have been two of the most rapidly developing technologies in India in recent years. With the new funds, Pi Ventures will be able to support and promote the growth of deep technology startups in these industries.
By investing in startups specializing in AI and blockchain, Pi Ventures is positioning itself to be at the forefront of technological innovation. The company’s investment strategy reflects the growing demand for AI and blockchain solutions in India, making the country a hub for technological innovation and attracting foreign investments.
**SIDBI’s FFS**
By securing funding from SIDBI’s FFS, Pi Ventures has received support from one of the most prominent startup funds in India. The Small Industrial Development Bank of India (SIDBI) has been instrumental in promoting and financing the growth of Indian startups, making it a valuable ally for investors seeking to support promising startups.
Moreover, the government’s recent efforts to promote technological innovation have led to the creation of new funds like SIDBI’s FFS, which is dedicated to supporting startups with innovative solutions. With the backing of SIDBI’s FFS, Pi Ventures can continue to support the growth of deep technology startups, which will ultimately contribute to the growth of the Indian economy and society.
**Conclusion**
Pi Ventures’ new investment commitment of $12 million from SIDBI’s FFS is a significant milestone for the company, as it positions Pi Ventures as a leading investor in deep technology startups in India. The company’s focus on investing in AI and blockchain startups reflects the growing demand for innovative solutions in these industries. With the support of multiple investors, including BII, Nippon India Digital Innovation AIF (NIDIA), Accel, Colruyt, Binny Bansal, and Varun Alagh, Pi Ventures is well-positioned to make significant contributions to India’s growing ecosystem of startups.
**FAQs**
1. What is SIDBI?
– SIDBI is a financial institution headquartered in Lucknow, India. It was founded in 1990 to support the growth of small-scale industries.
2. What is FFS?
– FFS stands for Fund of Funds for Startups, which is managed by SIDBI and provides financial support to startups through other venture capital funds.
3. What is Pi Ventures’ investment strategy?
– Pi Ventures invests in cross-industry deep technology startups with a focus on artificial intelligence and blockchain.
**Keywords:** Pi Ventures, SIDBI, FFS, AI, blockchain, startup funds, deep technology, cybersecurity, energy efficiency, B2B, supply chain management.