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||December 2016||Active|
|Sigtuple Technologies Private Limited||January 2017||Active|
|Niramai Health Analytix Private Limited||March 2017||Active|
|Promoto Software Private Limited||February 2018||Active|
|Mara Labs||March 2018||Active|
|Sabstone Ltd (Oweme)||October 2018||Active|
| Vidurama Inc (Frontdesk)|
Vidurama operates as an artificial intelligence company offering automated, full-service backup receptionist solution to clients via messaging and voice.
|India||South Asia||Other consumer 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.
|India||South Asia||Manufacturing||May 2019||Active|
| Touchkin eServices Private Ltd (Wysa)|
Wysa is an AI conversational agent that has been shown to help improve mental health
|India||South Asia||Health||June 2019||Active|