VC / investor (non-AIF or offshore) · Curated list
pi Ventures
Seed · Deep Tech (AI/ML/Robotics) · Bengaluru
At a glance
- Stage focus
- Seed
- Primary sector
- Deep Tech (AI/ML/Robotics)
- City
- Bengaluru
- HQ / office
- 17/16-10 Cambridge Road, Jogupalya, Bangalore 560008, Karnataka, India. (Registered AIF entity "PI VENTURES FUND - II" address: 3034, Windmills of Your Mind, EPIP Zone, Whitefield, Bangalore 560066.)
- Fund registered
- 2016
- Investments on record
- 25
- Corpus (as reported)
- Fund II closed at INR 702 Cr (~$85M) in 2023; Fund I closed at INR 225 Cr (~$30M) in 2018. Combined ~$115M raised across two funds.
- Website
- www.piventures.in
- Profile ↗
About
pi Ventures is an India-based early-stage venture capital firm focused on deep tech and AI, founded in 2016 by Founding Partner Manish Singhal (ex-Motorola, Ittiam, Sling Media; LetsVenture co-founder). It invests at seed to Series A across AI/ML, robotics, spacetech, biotech, quantum computing and advanced materials. The team includes Partner Shubham Sandeep. LPs in Fund II include Accel, Premji Invest, Nippon India Digital Innovation AIF, Colruyt and SIDBI (which committed Rs 100 Cr via its Fund of Funds for Startups); British International Investment is also reported as an LP.
Investment focus
Stage: Seed to Series A (check size ~$250K–$3M). Sector: deep tech — AI/ML, robotics, spacetech, biotech/life sciences, quantum computing, advanced materials, energy/sustainability. Focus on India / "Deep India Connect" startups.
Cheque size
USD 250,000 – USD 3 Mn (early-stage deep-tech / AI cheques, per official site).
As compiled from public sources — verify with the investor.
SEBI registration
Registration category not stated — reported as “Early-stage deep-tech / AI venture capital”
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: PI Ventures Fund I; PI Ventures Fund II
Yes — on official SIDBI FFS supported-AIF list (PI Ventures Fund I; PI Ventures Fund II)
Notable portfolio
Agnikul Cosmos; Niramai; Wysa; Ottonomy.IO; Zero Cow Factory; Pixis; Locus; Silence Laboratories
Team & organisation
Small early-stage team (firm reports ~2–10 employees per LeadIQ/Crunchbase); led by founding partner Manish Singhal plus a few investment professionals.
Early-stage deep-tech/AI venture capital manager; multi-fund (pi Ventures Fund I & II), SEBI Category I/II AIF, India-domiciled VC fund (trust-structured).
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Frequently asked
- What does pi Ventures invest in?
- Stage: Seed to Series A (check size ~$250K–$3M). Sector: deep tech — AI/ML, robotics, spacetech, biotech/life sciences, quantum computing, advanced materials, energy/sustainability. Focus on India / "Deep India Connect" startups.
- What cheque size does pi Ventures write?
- As compiled from public sources: USD 250,000 – USD 3 Mn (early-stage deep-tech / AI cheques, per official site).
- How do I pitch pi Ventures 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
- ⚑ HQ outside UP (Bengaluru). SIDBI (a government DFI) is an LP in Fund II via its Fund of Funds for Startups (~Rs 100 Cr) — but the firm is a private AIF; SIDBI is a limited partner/investor, not an owner or controller, so this is a fund-backing arrangement, not a government vehicle. Otherwise none.
Compiled from 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.piventures.in/; https://inc42.com/buzz/pi-ventures-bags-inr-100-cr-funding-from-sidbi-ffs/