India: Pi Ventures on road to raise m first fund, to bet on AI, IoT startups

August 18, 2016:   Pi Ventures, an early-stage venture capital firm, is looking to raise Rs 195 crore for its first fund, which will look to finance start-ups in artificial intelligence, machine learning and Internet of Things (IoT). The fund, formed earlier this year by Manish Singhal and Umakant Soni, is currently on the road to tie up commitments. “We are raising commitments from both domestic as well as overseas investors. Typically, we would like to be the first institutional investors in these start-ups. We are entrepreneurs first and would like to work with the company early on, whether at the idea stage or product market fit stage,” said Singhal, founding partner of pi Ventures. The fund has raised commitments from institutional investors and entrepreneurs like Sanjeev Bikchandani, founder of InfoEdge…


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