pi Ventures
pi Ventures backs early-stage Indian startups developing artificial intelligence, deep tech, robotics, biotechnology, and space technology.
Overview
pi Ventures is an India-focused venture capital firm founded in 2017. It invests in companies developing technology rooted in scientific research, advanced engineering, and artificial intelligence. The firm backs founders working on complex problems where breakthroughs in technology can create entirely new products, markets, or industrial capabilities.
Investment Focus and Stage
pi Ventures invests from pre-seed through Series A, with initial cheques typically ranging from $250,000 to $3 million. Its investment strategy centres on AI, machine learning, deep tech, robotics, space technology, biotechnology, and other science-led innovations.
The firm looks for businesses built around proprietary technology, specialised intellectual property, and technically strong founding teams. It is particularly interested in applications where AI can move beyond conventional software into areas such as industrial automation, scientific discovery, healthcare, and complex decision-making. The firm works with founders through product development, commercialisation, and subsequent fundraising.
Fund Size and Portfolio
pi Ventures manages multiple funds focused on early-stage technology companies. Its second fund closed at ₹220 crore, while its third fund, launched in 2024, has a target corpus of ₹565 crore. The firm's investment strategy includes backing companies at an early stage and reserving capital to support promising businesses as they grow.
Its portfolio includes Agnikul Cosmos, which develops launch vehicles for small satellites; Pixis, an AI platform for marketing decisions; Wysa, a digital mental health platform; Bellatrix Aerospace, which develops space propulsion systems; EverestIMS, an enterprise IT operations platform; Sigtuple, which builds AI-powered medical diagnostic systems; Silence Laboratories, which develops privacy-enhancing cryptographic technology; Fasal, an AI-powered precision agriculture platform; and Niramai, which develops AI-based breast cancer screening technology.
Leadership
Kumar Bapuji Kukunuru is Founder and Managing Partner of pi Ventures. He has a background in technology and entrepreneurship, with experience building and scaling technology businesses before moving into venture investing.
Shubham Sandeep is part of the investment team and works with founders developing AI and deep-tech businesses. His work spans investment evaluation, portfolio development, and supporting companies through early commercialisation.