With a fresh war chest, Piper Serica eyes Rs 180-220 crore deployment across four-six deeptech startups this fiscal
The investment firm's new Bharat Tech Fund, a Category II AIF, targeting a corpus of Rs 600 crore, alongside a greenshoe option of Rs 200 crore, has already raised about Rs 400 crore and evaluated around 30-35 startups in the hunt for the next investment, Modi told PTI.
Piper Serica, an investment firm, is set to commit between Rs 180-220 crore over the current fiscal year across four to six deep-tech startups, thanks to a new Rs 600 crore Bharat Tech Fund. The fund, a Category II AIF, has already raised approximately Rs 400 crore, with plans to identify and evaluate 30-35 startups in the upcoming month, with investments typically ranging from Rs 25 crore to Rs 50 crore per company.
Piper Serica focuses on sectors such as semiconductors, advanced electronics, space technology, artificial intelligence, energy and life sciences, viewing these areas as being in a growth phase driven by policy support, domestic capability, digital infrastructure, manufacturing expansion, and global supply chain shifts. The firm aims to back startups that have developed technology from the lab to commercial scale and now require growth capital to expand their businesses.
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