No irrational valuation rush in deeptech, says Piper Serica Director
Many of the technologies now regarded as commonplace - from electricity to telephones and automobiles - started as breakthroughs at the cutting-edge of science and engineering
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.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- With a fresh war chest, Piper Serica eyes Rs 180-220 crore deployment across four-six deeptech startups this fiscal economictimes.indiatimes.com
