Pi Ventures Raises 220 Million Rupees in Financing with COLRUYT GROUP’s Participation

According to reports, pi Ventures, an early stage venture capital fund in India, announced the completion of a 220 million rupee financing, with Belgium’s COLRUYT GROUP participating. Pi Ventures stated that this financing will make it possible to complete the Fund II fundraising. The fund has received support from institutions such as Accel, Nippon India Digital Innovation AIF (NIDIA), Bertelsmann India Investments, and will invest in fields such as artificial intelligence, blockchain, and deep technology. Currently, it has invested in Web3 network security company Silence Laboratories, B2B money supply chain management platform OweMe, and others. （economictimes）

Pi Ventures completed a financing of 220 million rupees and will invest in blockchain and other fields

Pi Ventures, an early stage venture capital fund based in India, recently announced the completion of a 220 million rupee financing round, with COLRUYT GROUP, a Belgian retail corporation, participating in the investment. Pi Ventures mentioned that this financing will enable the completion of the Fund II fundraising, which will focus on investing in fields such as artificial intelligence, blockchain, and deep technology. Some of the institutional supporters of the fund include Accel, Nippon India Digital Innovation AIF (NIDIA), Bertelsmann India Investments, among others. Currently, Pi Ventures has invested in organizations such as Web3 network security company Silence Laboratories, and B2B money supply chain management platform OweMe.

The Significance of Pi Ventures’ Financing Round

The recent financing round secured by Pi Ventures from COLRUYT GROUP is a significant development for the fund. With the support of other institutional investors, Pi Ventures is set to invest in startups focused on innovative and emerging technologies such as artificial intelligence, blockchain, and deep technology. This financing round indicates the potential for growth and opportunities in the tech startup industry in India. By investing in startups, Pi Ventures is contributing to the development of the tech industry in India, which may have ripple effects across the country’s economy.

Institutional Support for Pi Ventures Fund II

Pi Ventures’ Fund II is supported by renowned institutional investors, including Accel, Nippon India Digital Innovation AIF (NIDIA), Bertelsmann India Investments. The support from these investors underscores the quality and potential of the startups that Pi Ventures will invest in. As pioneers in their respective fields, these institutional supporters have an intimate knowledge of innovative technologies and are keen to invest in them. This support will enable Pi Ventures to expand its reach and attract more funding.

Accel

Accel is a venture capital firm that invests in startups that leverage cutting-edge technologies to disrupt industries. They have invested in companies such as Facebook, Dropbox, and Venmo.

Nippon India Digital Innovation AIF (NIDIA)

Nippon India is a digital innovation fund that invests in startups that leverage emerging technologies to solve global problems. With its focus on investing in disruptive technologies, it is a natural ally for Pi Ventures in Fund II.

Bertelsmann India Investments

Bertelsmann India Investments is the strategic investment arm of Bertelsmann, a German multinational media company. It invests in technology startups in India, providing them with the resources they need to expand their businesses.

Pi Ventures’ Portfolio Companies

Pi Ventures has an impressive portfolio of startups that it has invested in. Some of its investments include:

Silence Laboratories

Silence Laboratories is a web3 network security company. It uses blockchain technology to develop innovative solutions that secure web3 networks against attacks.

OweMe

OweMe is a B2B money supply chain management platform that enables businesses to manage their cash flow better. The platform allows businesses to get paid faster and manage their finances more efficiently.

Conclusion

The completion of the 220 million rupee financing round marks a significant milestone for Pi Ventures, allowing it to pursue its vision of investing in the most innovative and cutting-edge startups in India. With its portfolio of investments and institutional support, the future looks bright for Pi Ventures and its portfolio companies.

FAQs

Q: What is Pi Ventures?
A: Pi Ventures is an early stage venture capital fund based in India that invests in startups focused on technologies such as artificial intelligence, blockchain, and deep technology.
Q: Who are the institutional supporters of Pi Ventures’ Fund II?
A: Institutional supporters of Fund II include Accel, Nippon India Digital Innovation AIF (NIDIA), Bertelsmann India Investments.
Q: What are some of Pi Ventures’ portfolio companies?
A: Pi Ventures has invested in companies such as Silence Laboratories, a web3 network security company, and OweMe, a B2B money supply chain management platform.