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.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
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
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|
|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.
|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.
|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.
|India||South Asia||Communications and IT Services||June 2019||Active|
Agnikul Cosmos Private Ltd
Agnikul Cosmos Private Ltd is an Indian aerospace manufacturer.
|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.
|India||South Asia||Communications and IT Services||November 2020||Active|