The tech-focussed fund will invest between INR 2.5 -INR 3 Cr each in about 30-40 startups in the next three years
It also plans to stay invested in its portfolio companies for a period of up to 10 years
Piper Serica will use its AI tool called Yoda.ai to narrow down startups for investment
Mumbai-based portfolio management company Piper Serica has launched a Category 1 Alternative Investment Fund (AIF) – Angel Fund with a corpus of INR 100 Cr to invest in early-stage startups.
The tech-focussed fund will invest between INR 2.5 Cr-INR 3 Cr each in about 30-40 startups over the next three years. It plans to stay invested in its portfolio companies for a period of up to 10 years, Piper Serica said in a release.