pi Ventures Fund I

India Manufacturing, Communications and IT Services, Health

Our investment

In 2018 CDC made a commitment of $6 million to pi Ventures.

Expected impact

The fund will invest in businesses that use artifical intelligence (AI) and machine learning (ML) technologies to help solve problems at scale. The unique characteristics of India such as large population base, scarce quality resources and mass tech adoption, enable such technologies to be disruptive. For example, in healthcare, AI is helping close the gap between the small number of skilled health technicians and the mass demand for cost effective diagnostic services.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Communications and IT Services, Health, Manufacturing
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
pi Partners
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
July 2018
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$6m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
India

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Ten3T Healthcare Private Limited India South Asia Health December 2016 Active
Zenatix Solutions Private Limited India South Asia Communications and IT Services January 2017 Exited
Sigtuple Technologies Private Limited India South Asia Health January 2017 Active
Niramai Health Analytix Private Limited India South Asia Health March 2017 Active
Promoto Software Private Limited India South Asia Communications and IT Services February 2018 Active
Mara Labs India South Asia Communications and IT Services March 2018 Active
Sabstone Ltd (Oweme) India South Asia Communications and IT Services October 2018 Active
Vidurama Inc (Frontdesk)

Vidurama is as an artificial intelligence company offering automated, full-service backup receptionist solutions to clients via messaging and voice.

View investment details

India South Asia Communications and IT Services February 2019 Active
Abee Research Labs (P) Lts (SwitchOn)

SwitchOn is an industrial tech company that helps manufacturing industries identify plant-level bottlenecks and improve equipment efficiency.

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India South Asia Manufacturing May 2019 Active
Touchkin eServices Private Ltd (Wysa)

Wysa is is an AI-powered mental health app that has been shown to help improve mental health.

View investment details

India South Asia Communications and IT Services June 2019 Active
Agnikul Cosmos Private Ltd

Agnikul Cosmos Private Ltd is an Indian aerospace manufacturer.

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India South Asia Manufacturing March 2020 Active
Aiquire Inc (Pyxis)

Pyxis is a technology company that provides data and analytics to companies in India. It enables businesses to better understand their customers.

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India South Asia Communications and IT Services November 2020 Active

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