pi Ventures
Overview
pi Ventures is an Indian venture capital firm known for investing in early-stage companies, particularly those in the deep-tech and Artificial Intelligence (AI) sectors. Founded in 2016 by Manish Singhal and Umakant Soni, pi Ventures is headquartered in Bangalore, India. The firm has raised a substantial amount of capital to support its investments, including an $85 million fund which it closed recently. pi Ventures aims to support companies with disruptive technological innovations to solve global problems and transform industries.
Recent Developments
- October 2025: pi Ventures invested in Green Aero Propulsion Private Limited, marking its first-time investment in this clean aviation startup.
- August 2023: The firm closed its second fund at $85 million, surpassing its target of $565 crore. This fund has received commitments from multiple institutional players, including SIDBI, BII, and Nippon India Digital Innovation AIF.
- 2025: pi Ventures continued its strategic investments by funding Wondrlab and investing in Wysa's Series B round.
- 2024: pi Ventures made ten investments, one of the most notable being in the AI-powered marketing platform Pixis, which raised an impressive $85 million.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2016 |
| Headquarters | Bangalore, Karnataka, India |
| Founders | Manish Singhal, Umakant Soni |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Accel, Colruyt, Premji Invest, SIDBI, Nippon India Digital Innovation AIF |
| Industry | Venture Capital, Focus on Deep-tech and AI |
| Number of Employees | Not publicly disclosed |
Early History
Founded in 2016, pi Ventures was established to address the gap in India’s investment landscape for deep-tech and AI-focused ventures. The co-founders, Manish Singhal and Umakant Soni, both brought extensive experience from their backgrounds in technology and entrepreneurship. Their vision was to support early-stage companies that were using AI and deep technologies to create innovations that could have a global impact. Since its inception, pi Ventures has focused on fostering a collaborative ecosystem for startups and has successfully positioned itself as a leader in the deep-tech investment space in India.
Company Profile and Achievements
pi Ventures operates with a clear vision of backing visionary founders who are innovating with breakthrough technologies. Its investment thesis revolves around artificial intelligence, machine learning, and IoT, leveraging these technologies to create disruptive change across various sectors.
- Key Investment Areas: pi Ventures targets companies involved in deep-tech sectors including artificial intelligence applications, health tech, and frontier technologies.
- Significant Portfolio Companies: The firm’s notable investments include companies like Niramai, SigTuple, and Wysa, each working on innovative solutions in healthcare and AI-powered platforms.
- Expansive Growth: Over the years, pi Ventures has not only expanded its portfolio but also seen a significant increase in its investment capacity, as evidenced by their launch of a second fund.
- Strategic Partnerships: pi Ventures has formed beneficial partnerships with other venture funds and corporate entities, helping to support its portfolio companies beyond financial investment.
- Recognition and Awards: The firm’s strategic investments and its impact on the tech ecosystem have garnered it significant recognition within the industry.
Current Operations and Market Position
Currently, pi Ventures is actively investing in early-stage deep-tech firms that display potential for disruptive innovations. Its position as one of the pioneers in the Indian venture capital landscape focusing on AI and deep-tech gives it a competitive edge. The firm's strategic investments in technology-driven markets have enabled it to foster a strong portfolio of innovative companies. By providing both capital and strategic expertise, pi Ventures continues to support the growth and success of its portfolio businesses.
Conclusion
pi Ventures has firmly positioned itself as a leading venture capital firm in India’s deep-tech and AI sectors. With a robust portfolio of innovative companies and a strong commitment to fostering technological advancements, pi Ventures remains a pivotal player in the venture capital landscape. As it continues to invest in pioneering technologies and expand its reach, pi Ventures is set to thrive and fuel the growth of next-generation companies poised to tackle some of the world’s most pressing challenges. The firm's future trajectory looks promising, given its focus on strategic investments in technologies that promise significant societal impact.