In 2018 CDC made a commitment of $6 million to pi Ventures.
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.
- 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
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.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
Investments made by this fund
|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|