• We Help You Build Great Companies

    “Whether we are based on carbon or on silicon makes no fundamental difference; we should each be treated with appropriate respect.”
    Arthur C. Clarke, 2010: Odyssey Two

  • Our Vision

    We find, fund and support the best teams who are using Artificial Intelligence, Machine Learning and Internet of Things to solve real world problems for next 6bn.

    Connect is the 7th sense

    Big wave is here...

    By 2020, 25 - 50 billion connected devices will store so much about us and our world to power seamless, almost sensory actions. This will lead to rewiring of products, processes and eventually entire industries, catalyzing trillions of dollars worth of unseen economic value. We will invest in such possibilities..

    India is innovating for next 6bn

    A country and startup ecosystem at an inflection...

    India is changing fast. Change leads to disruption, which in turn leads to new ideas and innovation. By 2050, India will be second largest economy after China. The combination of a large & growing self-contained market, a second-to-none talent pool, and a ginormous amount of data has created ripe conditions for germination of global companies.

    We are entrepreneur first

    We are hungry and we love if you are hungry too..

    The true north of pi Ventures is a relentless focus on entrepreneurs. We believe that irrational ideas have capability to change the world, provided they are backed by entrepreneurs with stellar problem solving skills, and patient passion, refusing to give up against all odds. We have been entrepreneurs too, so we know the view from the trenches. We will support such dogged entrepreneurs with funding, talent and right ecosystem to help them succeed faster and better.

  • Investment Thesis

    We are early stage investors focusing on disruptive ventures, solving real world problems,  that can turn into category leaders through Applied AI 

    Exploiting Data Growth

    50x growth in Data

    India is rapidly adopting smartphones, there would be close to 430 Million of them by 2019. India surpassed US in number of internet users in December 2015, majority of them through smartphones. Smartphones generate 4x data as compared to web; a connected devices 16x, as such, most of the business and personal workflows in India are getting or going to get impacted by data very rapidly.

    Leveraging Applied AI to differentiate

    Creating new category leaders

    We are looking at companies that are leveraging big data (data coming out of enterprise systems), small data (personal data ) and dark data (data coming out due to devices) to make smarter decisions through machine learning and eventually becoming self learning. Mining this data through machine learning and AI & creating value is going to be key to creating new category leaders.We are looking for these category leaders.

    Global Thinking

    Solving a big problem in globally unique way

    One of our critical criteria is if the teams are attacking big and fundamental problems on a global scale. While they might start in India, they have to think global. With our global network, we are in a unique place to help entrepreneurs realise their dream of building global companies.

    Patient Passion

    Strong desire to make a change with long half life...

    We are looking for strong teams, showcasing the grit to remain focused on the problem statement over a long period of time. We work very closely to build teams if we find gaps. However, the passion, fire and desire to build a lasting change is expected in the founders right from day one.

  • We are here to help

    We back our entrepreneurs and help them to think & execute globally

    Manish Singhal

    Founding Partner

    Manish co-founded LetsVenture.com and led it to become the leading marketplace for startups & early stage investors in India. He is on the boards of startups like Locus, DropKaffe, Witworks, AdSparx, ApartmentADDA etc. He is an Alumnus of IIT Kanpur and loves wild life photography.

    Umakant Soni

    Founding Partner

    Umakant founded an AI startup, Vimagino focused on Bots for support in 2009-10. Before this, he spent time at Wipro (Strategy & Innovation Arm). He was Director India for Science Inc. one of the leading startup studio (HQ. LA). Alumnus of IIT Kanpur, he loves painting abstracts.

    Prashant Pathak

    Investor 

    Prashant Pathak is CEO of Ekagrata Inc. & is currently Chairman of the Venture Capital and Investments Committee, for BDC Venture Capital, which is Canada’s largest VC program and previously served on the Credit & Risk and the Pensions Committees.

    Carey Kurtin

    Investor

    Carey Kurtin, principal at In Colour Capital Inc.  has a history of experience in multiple industries from finance to artist management. Carey is a graduate of Boston University’s Questrom School of Business and currently a mentor with Singularity University.

    Bhupen Shah

    Advisor & Investor

    Ex-Cofounder Sling Media, Bhupen has been an active angel investor with 30+ early stage investments with half of the companies based in India. Bhupen has invested in seed stage venture funds such as Tandem Capital, Saama Capital, Jungle Venture, Fabric and BluePointe Venture Tech Fund.

    Raghu Tarra

    Advisor & Investor

    Raghu is the Chief Product Officer at GigSky Inc responsible for product strategy and delivery of over the top global mobile data connectivity services.  He was a founding member, VP of Engineering at Sling Media, makers of the Emmy award winning Slingbox.

    Sanjeev Bhikhchandani

    Advisor & Investor

    Sanjeev is the Founder & Executive Vice Chairman of Info Edge. It owns internet properties like Naukri.com, Shiksha.com, Jeevansathi.com, Naukrigulf.com & 99acres.com and stakes in many other internet businesses. 

    Peter Stone

    pi Tech Council

    Dr. Peter Stone is the David Bruton, Jr. Centennial Professor and Associate Chair of Computer Science, as well as Chair of the Robotics Portfolio Program, at the University of Texas at Austin. Professor Stone is also co-founder, president, and COO of a startup company, Cogitai, Inc., focussed on empowering machines to understand the world through their own experience.

    Sharad Sharma

    Advisor (Pro Bono)

    Sharad is a passionate evangelist of the software product ecosystem in India. He is the co-founder and Governing Council member of iSPIRT. He was the Chair of NASSCOM Product Forum and a member of the Executive Council from 2009-13.

    Deep Kalra

    Investor

    The pioneer of online travel in India, Deep Kalra founded MakeMyTrip in April, 2000 and built it to become the largest online travel company, . with a market cap of ~$1Bn (NASDAQ:MMT). Deep is a member of the Executive Council of NASSCOM and chairs the NASSCOM Internet Working Group.

    Badal Malick

    Advisor & Investor

    Badal co-founded Gravity, an acceleration platform for B2B startups. He has built new businesses at Snapdeal & Intuit and advised leading global businesses @ McKinsey. He's an angel investor in several companies like Locus, Ziploan, KapitalBond, DayBox, & Footprint.

    Amit Ranjan

    pi Tech Council

    Amit was the co-founder SlideShare, which he sold to Linkedin. Since then he has now moved over to the government/non-profit side. He is a well respected angel investor in tech startups.

  • Portfolio

    We work closely with our companies to back them with our insights, global network and specialized focus on AI & Internet of Things

    Intelligent Heart Monitoring

    Cicer (ten3T) collects and integrates medical grade data in real-time through its self-contained wearable devices that it builds, deploys and manages. ten3T's devices included multiple sensors to collect continuously streaming clinical grade information on ECG, heart rate, respiratory rate, SpO2 and temperature - all gathered, analyzed and reported in real-time.

    The Cicer patch is small, light and unobtrusive, and has been designed with proprietary innovations in data acquisition, wireless transmission, and analytics to provide a seamless healthcare monitoring system.

    More investments coming soon...

  • pi in the News

    We are trying to create an ecosystem of entrepreneurs, investors, and community around AI

     

    Coverage by Economic Times

    For Manish Singhal and Umakant Soni, it was a decision that had all the reasons to be made. With entrepreneurs finding novel ways to generate previously untapped data, artificial intelligence (AI)-based startups are gaining importance these days. So, they set up a unique AI-focussed fund ­­ pi Ventures.
    The fund has a target corpus of $30 million (approximately Rs 200 crore) and will invest in the early stages of an AI-focussed startup.

    Covered by Economic Times, Times of India, Inc42 & Others

    Bengaluru-based medical grade wearable device startup, ten3T has raised an angel round of funding from pi Ventures.

    Co-founded by Dr. Sudhir Borgonha, Rahul Shingrani, and Prasad Bhat, ten3T builds wearable medical devices that collect and integrates medical grade data in real time. It has developed its first wearable medical device ‘Cicer’, which will make cardiac health easily accessible to everyone. Read More

    Hardware to connect physical world to digital

    India is taking some early steps to create a robust hardware products ecosystem. This is critical as connected hardware would be a critical piece for connecting physical world to the digital ones. Check out Manish Singhal, pi Ventures as he talks about real challenges facing hardware startups in India and how to go about addressing them. 

    India could be an interesting place to build AI startups

    Low cost and more easily available data, coupled with increasingly available data science talent can potentially make for an interesting place for AI startups to come up. Local businesses are buying into the predictive value of AI.

    Indian investing scene moving towards IP-led ventures

    “2017 should see more funding for product startups. Technologies like Artificial Intelligence and Machine Learning are disrupting many sectors. We should see good momentum in healthcare, fintech, and logistics in the coming year. The emphasis will be on supporting companies with real product IPs. Early-stage deals will definitely pick up. Late-stage deals may take some more time to recover,” says Manish.

    India can be a fertile ground for AI led vertical leaders

    Pi Ventures, an early-stage venture capital firm, is looking to raise Rs 195 crore for its first fund, which will look to finance start-ups in artificial intelligence, machine learning and Internet of Things (IoT).

    The fund, formed earlier this year by Manish Singhal and Umakant Soni, is currently on the road to tie up commitments.

  • Resources

    Some helpful resources on variety of topics

    Investment Landscape in Artificial Intelligence

    We partnered with Tracxn to map out the investment landscape in AI for global and India market.

    AI, Deep Learning and Machine Learning: A Primer

    Simple and intuitive primer on how machine learning and AI is influencing our lives by Frank Chen, Partner, Andreessen Horowitz

    Crash Course on Raising Funds

    An overview on what it takes to raise money for your startup by Manish Singhal, Founding Partner, pi Ventures

  • The Blog

    Thoughts, musings, and ruminations around Applied AI.

  • Partners

    Building world class companies through ecosystem around AI, ML & IoT

    Singularity Labs

    SF, USA

    The first and only accelerator dedicated to startups leveraging exponentially accelerating technologies to address humanity’s grand challenges.

     

    HAX Accelerator

    Shenzhen, China

    The HAX program takes teams with hardware prototypes and turns them into functional, sustainable companies. HAX recruits 15 teams of 2-5 entrepreneurs who have a concept or an early prototype for a high-growth startup.

     

     

    Hackspace

    Bangalore, India

    HackSpace is an innovation and incubation program by Excubator and pi Ventures designed exclusively for startups that are building ventures based on Artificial Intelligence, Machine Learning and data-intelligence Smart IoT solutions.

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