Angel fund (Cat I) · SEBI registry
Bharat Tech Fund Trust
Growth (Series C+) · Deep Tech (AI/ML/Robotics) · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Deep Tech (AI/ML/Robotics)
- City
- Mumbai
- HQ / office
- Lower Parel, Mumbai, Maharashtra
- Fund registered
- 2026
- Investments on record
- 35
- Corpus (as reported)
- Rs 800 cr target fund size (Rs 600 cr base + Rs 200 cr green-shoe), 2026
- Website
- piperserica.com
- Profile ↗
About
Bharat Tech Fund is a SEBI Cat II AIF launched in 2026 by Piper Serica, a Mumbai-based SEBI-registered asset manager (founder/fund manager Abhay Aggarwal) that runs PMS, an angel fund and venture strategies. The fund backs Indian deeptech startups, with partnerships referenced with IIT Madras/Delhi/Bombay, IISc, iDEX, IN-SPACe and DRDO.
Investment focus
Series A/B growth-stage deeptech & IP-led startups — semiconductors, AI, spacetech, defence-tech, biosciences, fintech infrastructure; cheque size ~Rs 25-50 cr
Cheque size
INR 25-50 Cr per company (Series A/B growth-stage deeptech)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/26-27/2182
SIDBI Fund of Funds
None found (works with govt-backed innovation platforms iDEX, IN-SPACe, DRDO and IITs as ecosystem/sourcing partners, but no evidence of SIDBI FFS or any government/DFI LP capital)
Notable portfolio
Alt Mobility; FREED; University Living
Team & organisation
Manager (Piper Serica Advisors) ~11-50 employees (~21 on LinkedIn); founded 2003 by Abhay Agarwal; Director Ajay Modi
Category II AIF (trust), managed by Piper Serica Advisors Pvt Ltd; boutique multi-strategy asset manager (PMS, AIF, angel fund, family office)
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Frequently asked
- What does Bharat Tech Fund Trust invest in?
- Series A/B growth-stage deeptech & IP-led startups — semiconductors, AI, spacetech, defence-tech, biosciences, fintech infrastructure; cheque size ~Rs 25-50 cr
- What cheque size does Bharat Tech Fund Trust write?
- As compiled from public sources: INR 25-50 Cr per company (Series A/B growth-stage deeptech)
- How do I pitch Bharat Tech Fund Trust through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.business-standard.com/amp/industry/news/piper-serica-launches-800-crore-bharat-tech-fund-for-deep-tech-startups-126052000855_1.html; https://in.linkedin.com/company/piper-serica-advisors-pvt-ltd-