Piper Serica Angel Fund

Overview

Piper Serica Angel Fund is an India-focused investment fund launched in 2022 under Piper Serica Advisors. It backs entrepreneurs building technology-led businesses across financial services, enterprise software, deep technology, and emerging digital markets. The fund operates within a broader investment platform focused on supporting Indian companies as they develop products and expand their reach.

Investment Focus and Stage

Piper Serica Angel Fund primarily invests at the seed stage, with the ability to participate in subsequent funding rounds. Its investment interests include fintech, SaaS, deep tech, cybersecurity, electric mobility, and digital platforms.

The fund looks for businesses with differentiated products, clear customer demand, and the potential to scale. Its fintech interests include digital lending, payments, and financial infrastructure, while its technology investments extend to enterprise software, security systems, and specialised hardware. It also backs businesses applying technology to traditional industries, particularly where digital tools can improve access, efficiency, or customer experience.

Fund Size and Portfolio

Piper Serica Angel Fund has a reported corpus of approximately ₹58 crore and has backed around 30 companies. Its investments include Alt Mobility, which provides electric vehicle leasing and fleet solutions; Pantherun Technologies, a cybersecurity company; Driffle, a digital gaming marketplace; DesignX, a technology-led business; and OTP Less, which develops passwordless authentication solutions.

The wider Piper Serica investment platform has also backed companies across fintech, enterprise technology, digital commerce, and emerging technology. Its portfolio reflects an interest in businesses using technology to address practical problems in financial services, mobility, security, and digital distribution.

Leadership

Abhay Agarwal is Founder and Fund Manager at Piper Serica. He has experience in capital markets, investment management, and financial services, with a focus on identifying technology-driven businesses and helping them access growth capital.

Ajay Modi is associated with Piper Serica's investment platform and contributes to investment evaluation and portfolio development. His work spans early-stage investing and engagement with entrepreneurs building technology businesses.

The broader team works with founders on capital raising, business strategy, and connections across the investment community.