pi Ventures Fund I

Pi Ventures is a venture capital firm based in India. It is focussed on investing in disruptive ideas that can solve large problems for business and consumers, using machine learning and artificial intelligence.

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
Investment type

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

:
Intermediated investment
Fund manager:
pi Ventures
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
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