SEBI has given its nod to Pi Ventures to launch its second fund

Pi Ventures, an early-stage venture capital fund that backs AI and deep tech startups, has received approval from markets regulator, the Securities and Exchange Board of India (SEBI), to launch its second fund with a target corpus of around $100 m. Fund II will also have a green shoe option of $25 million. 

The second fund will be 2-3 times its first fund that was closed in 2017-18.

pi Ventures invests between $500k and $1m in startups in its first engagement. It plans to back 25 startups through the second fund.

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